slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Royal Skandia Best Start in Life Trust PowerPoint Presentation
Download Presentation
Royal Skandia Best Start in Life Trust

Loading in 2 Seconds...

play fullscreen
1 / 17

Royal Skandia Best Start in Life Trust - PowerPoint PPT Presentation


  • 167 Views
  • Uploaded on

Royal Skandia Best Start in Life Trust. For Financial Adviser use only. Best Start in Life Trust. School fees University costs Deposit on house First car Wedding. Financial help to support parents. Aimed at grandparents, aunts & uncles. dilemma. Unlike a bare trust the benefits .

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Royal Skandia Best Start in Life Trust' - carlow


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Royal Skandia Best Start in Life Trust

For Financial Adviser use only

best start in life trust
Best Start in Life Trust

School fees University costs Deposit on houseFirst car

Wedding

Financial help to support parents

Aimed at grandparents, aunts & uncles

dilemma
dilemma

Unlike a bare trust the benefits

do not have to be paid outby a certain age!

The 18-year-old

slide4
...also

no stock marketinvestment needed

Bank accounts

Cash funds

The Best Start In Life Trust

slide5

Investment

selection

Structured products

Exchange traded funds

Cash deposits

UK authorised unit trusts

& OEICs

UK investment trusts

slide6

School fees areincreasing above inflation

The Best Start In Life Trust

Mortgagedeposits have

increased in recent years

University fees are

typically around £8,900

types of trusts
Types of Trusts

Discretionary

Bare

Flexible

Fixed

CLT - 7years

PET - 7 years

Taxation of bonds

Taxation of bonds

Settlor

Beneficiary

UK Trustees

Unless parental trust £100+

UK beneficiaries

assignments

If the Trustees encash within DiscretionaryTrust then taxon Settlor

Rememberminor cannot encashsegments themselves

Assignments
appointment
Appointment

Original value £100,000 across ten policies

1

2

3

4

5

6

7

8

9

10

Grown to £150,000 across ten policies

1 policy is assigned to a bare Trust

Trustees then encash the policy

Chargeable gain = £15,000 - £10,000 = £5,000

(below personal income tax allowance, assuming no other income)

types of trusts1
Types of Trusts

Discretionary

Bare

Flexible

Fixed

CLT - 7years

PET - 7 years

Taxation of bonds

Taxation of bonds

Settlor

Beneficiary

UK trustees

Unless parental trust £100+

UK beneficiaries

slide11

Then the important question...

...who should be the trustees?

slide12

Avoid personal/ family conflicts

No need to open trust bank accounts

Corporatetrustees donot die:continuity

Ease of administration:

dealing, form-filling, trust records

Independent impartial

Corporate Trustees

Professional:

reduces shams and breaches

Low cost fees deductedfrom bond

Centralcontact point

Trust developments

royal skandia trust company
Royal Skandia Trust Company

The professionaltrustee servicewhich includes...

The creation of the trust

Additions to the trust fund

Completion of forms and arranging the payment of any tax due under a discretionary trust

Simple winding up of a trust

Loan facility

Distributions

Yearly trust reviews

Investmentreviews

£300.00 (plus VAT) annually in arrears

£300.00(plus VAT)

£200.00

royal skandia trust company1
Royal SkandiaTrust Company

So client doesn’t have to open a separate bank account

Trustee account included

slide15

Can beupdated atanytime during settlor’s lifetime

Detail ofsettlor’s wishes following

death

Letterof wishes

slide16

Cash

Unit trusts

OEICs

Investmenttrusts

Exchangetraded funds

Structuredfunds

Royal Skandia

Collective Bond

Unit trusts/ OEICs

Deposit accounts

Investmenttrusts

slide17
This presentation has been designed to be issued to authorised financial advisers.

It should not be issued to or relied upon by existing or potential clients of Skandia.

Skandia cannot accept responsibility for any losses arising from actions taken as a result of the information contained in this presentation.

Further details of Skandia products can be obtained from the appropriate product guides which are available from any Skandia office.

Calls may be monitored and recorded for training purposes and to avoid misunderstandings.

www.skandiainternational.com

Royal Skandia Life Assurance Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0)1624 655 555 Fax: +44 (0)1624 611 715.

Authorised and regulated by the Isle of Man Insurance & Pensions Authority. Authorised and regulated by the Financial Services Authority for business conducted in the UK. Some of the FSA’s rules do not apply to non-UK based insurers. FSA Register number 142309. www.fsa.gov.uk/pages/register.

Royal Skandia Trust Company Limited is registered in the Isle of Man under number 095926C. Registered and Head Office: PO Box 142, Skandia House, King Edward Road, Onchan, Isle of Man, IM99 3DJ, British Isles. Phone: +44 (0)1624 655 456 Fax: +44 (0)1624 655 930.

Licensed and regulated by the Financial Supervision Commission of the Isle of Man. Royal Skandia is a member of the Association of International Life Offices.

INT12-0801/July 2012