Quilter 13 Risk warning: If you do not spend the money you have withdrawn, it will form part of your estate and could be liable to UK IHT when you die. If market returns are poor for a sustained period, then taking withdrawals could use up all the investment together with any growth. The withdrawals would therefore stop once the trust fund has no value. During your lifetime, and that of any other settlor, no withdrawals can be paid to the beneficiaries. The level and frequency of the withdrawals are set at outset and cannot under any circumstances be changed in the future. Deferring the start date of withdrawals will reduce the value of the discount you receive. Deferment must be for at least one month and up to 60 months (five years) from the date the trust is set up. Age Withdrawals as a % of the investment Withdrawal amount £ 61 0 0 62 0 0 63 0 0 64 5 5,000 65 5 5,000 Fictional example Mrs West, aged 60, invests a cash sum of £100,000. Withdrawals are set at 5% each year, but deferred for the first three years.