Discounted Gift Trust Calculations Basis Change
HMRC announced in December 2008 a reduction to the interest rate used in the Discounted Gift Trust calculation.
The interest rate will reduce from 6.75% to 5.25%, with effect from 1 February 2009. As a result of this reduction, the value of discounts will increase, therefore reducing the value of an investor's gift.
All discounts provided on or after 2 February 2009 will be based on the new rates.
View Prudential's Discounted Gift Trust Calculator
