Discounted Gift Trust - discount calculator

The Discounted Gift Trust allows the client to put a lump sum into trust for their beneficiaries, while retaining the right to a regular payment.

Key benefits of the Discounted Gift Trust

• A regular payment which may be free of any immediate liability to income tax
• A potential immediate reduction in the client's estate for Inheritance Tax (IHT) purposes
• Any investment growth is outside the client's estate
• A choice of onshore and international bonds, offering access to the fund management skills of the Prudential Group and other leading investment managers
• Available with an absolute or discretionary trust

Here's a useful calculator for Discounted Gift Trusts which will provide an estimate of the discount based on the information entered.

This calculator should not be taken as offering advice or any recommendation. Circumstances in the future may change a person's inheritance tax position.

This calculator is based on our understanding, as at March 2011, of current taxation, legislation and HM Revenue & Customs practice, all of which may change without notice. The impact of taxation (and any tax reliefs) depends on individual circumstances.

View the Discounted Gift Trust Discount Calculator (xls, 1,824Kb)

The calculator requires Microsoft Excel (version 97 or later)

Terms of Use

1. In the Terms of Use 'The Software' means all software (excluding Microsoft Excel) and other materials contained within the calculator(s). 2. Microsoft Excel is a registered trademark of the Microsoft Corporation.
3. Copyright and all other intellectual property rights in respect of The Software is, and shall remain at all times, in the ownership of Prudential.
4. The Software shall be for your own use and shall not be given, sold, loaned to or allowed to be used by any person not employed by or contracted to you.
5. You may make one copy of The Software for security back up purposes. These conditions shall apply to any copy made.
6. You must not decompile, reverse engineer or otherwise tamper with The Software contained within the calculator(s).
7. We may, from time to time, issue amended or updated versions of The Software. Should this occur, this will then become the current version of The Software at any time.
8. Prior to release of this Software, we have carried out virus checks using up-to-date virus-checking software. We do however recommend that you carry out such checks as you consider appropriate prior to using the calculator(s). We cannot be held responsible for any loss or damage caused by the continued presence of a virus which has not been detected by the virus checking software.
9. The Software has been prepared in accordance with our understanding of the Guidelines of the Financial Services Authority and current taxation, legislation and HM Revenue & Customs practice, as at March 2011, all of which are liable to change without notice.
10. We have applied care and skill to produce The Software to a professional standard. However, we cannot guarantee that The Software is free of errors or omissions, nor can liability be accepted for any losses, howsoever incurred, arising from the use of The Software.

Full terms and conditions are available on request.