Standard Life's Discounted Gift Plan is suitable for clients who are looking to potentially reduce the value of their estate for inheritance tax purposes. The client (Settlor) can also benefit from regular payments of capital from the Trust, up to a maximum of 7.5% on the Stepped bond and up to a maximum of 10% on the Level bond.

The Discounted Gift Plan is available through our Capital Investment Bond, Distribution Bond and International Bond. Clients have access to a suite of Trusts and can choose from the Discretionary, Flexible or Absolute Trust:

Discretionary Trust

Under a Discretionary Trust no Beneficiary has a fixed right to the capital and income from the Trust. The Trustees have the final say on who benefits from the Trust.

Flexible Trust

Under a Flexible Trust a named Beneficiary has a right to income (i.e. interest in possession) but the Trustees can change the Beneficiaries at a later date.

Absolute Trust

Under an Absolute Trust the Beneficiaries are fixed at the outset and cannot be changed by the Trustees.