Take a look at our short video to find out more about why we recommend that every policyholder registers their policy in trust.

There are 3 great reasons to have a policy written into trust and we help all our customers to place their cover in trust for NO CHARGE! Please call our FREEPHONE 0800 644 4468 for impartial and FREE advice.

[The Financial Conduct Authority do not regulate tax and trust planning. Levels and basis of relief are based on individual circumstances and are subject to change.]

What are the three main benefits of a trust?

  • Exemption from Inheritance tax

    The proceeds from the life policy do not form part of the estate and are excluded from any inheritance tax calculation. This means that the overall value of the estate for the calculation of inheritance tax is reduced. This lowers the potential tax liability and in some cases may result in no tax having to be paid.

  • No delays

    The benefits are distributed more quickly than they would be if they were not written into a trust, because they do not form part of the estate. This is particularly relevant if no will is in place, or if an inquest is needed, as in either of these instances payments can be delayed by months or even years in complex cases.

  • Name who receives the payment

    The person who is gifting the benefits of the life policy, known as the settlor, has the peace of mind of knowing that the benefits will go directly to the person / people who they wish to benefit from the trust.

Who are the Trustees?

In order to complete the Trust Form you will need to appoint (ideally two) trustees. They need to be aged over 18 and should be trusted relative or long term friend. A trustee can also be one of the beneficiaries of the trust. Please note that you can change the trustees at any time by notifying the insurer in writing.

Who are the Beneficiaries?

The Beneficiaries are the people you wish to benefit from the policy. If there is more than one please indicate the percentage share of the policy proceeds in brackets next to the name. Please ensure that the total percentage amounts to 100%.

How do I register my policy in trust?

Please call us on 0800 644 4468 or email enquiries@futureproofinsurance.co.uk if you would like to discuss writing your policy into a trust.

This is a free service which we offer to all of our clients.

Our offices are open from 9am – 7pm Monday to Thursday and 9am – 5pm Friday.

What should I do if I need help with the form?

If you have any questions whilst completing the trust documents please do not hesitate to contact us on 0800 644 4468.

Equally, if the Trustees have any queries regarding their duties in relation to the trust then please pass them our details and we will be happy to speak to them.

What are the current levels of Inheritance tax?

If the total value of the deceased estate is over the inheritance tax barrier (£325,000 in 2015) then any amount over the threshold would be taxed at 40% (2015). Please note: Inheritance tax is exempt for husband, wife and civil partners domiciled in the UK.

Would you like some advice?

Contact one of our team now to get impartial & helpful advice

Call 0800 644 4468Mobiles call01737 336 990