The Standard Life Gift Plan is designed for clients who wish to make a gift of capital, whilst allowing them to retain some control by having the option to be a Trustee. It is simple to set up, and has the option to allow a variety of assets to be held under the Trust.

Standard Life's Gift Plan can be used with our onshore bonds, International Bond and FundZone Mutual Funds – Investment Funds, or a combination of these. 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.