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Trust Fund

Term

A tool to plan for the future, a 3rd party is usually enlisted to take care of a person’s assets on behalf of them, the trust can also be setup after death.

Setting one up:

Types of Trusts:

Those benefitting from a trust may need to file a self assessment for the income received. Discretionary trusts are treated as if they’ve eben taxed at 45% so you might be due a tax refund if you aren’t an additional rate taxpayer.

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