platform.quilter.com Please be aware that calls and electronic communications may be recorded for monitoring, regulatory and training purposes and records are available for at least five years. Quilter is the trading name of Quilter Investment Platform Limited which provides an Individual Savings Account (ISA), Junior ISA ( JISA) and Collective Investment Account (CIA) and Quilter Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB). Quilter Investment Platform Limited and Quilter Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered Office at Senator House, 85 Queen Victoria Street, London, EC4V 4AB, United Kingdom. Quilter Investment Platform Limited is authorised and regulated by the Financial Conduct Authority. Quilter Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59. 20881/221-0679/June 2021 * Currently £325,000 minus any CLTs made by the settlor in the seven years prior to creating this trust. The value of your client’s investments may fall as well as rise and they may not get back what they put in. This document is based on Quilter’s interpretation of the law and HM Revenue and Customs practice as at August 2020 . We believe this interpretation is correct, but cannot guarantee it. Tax relief and the tax treatment of investment funds may change. The value of any tax relief will depend on the investor’s individual circumstances. Trusts comparison table Absolute trust Discretionary trust Best start in life trust Excess income trust Discounted gift trust Lifestyle trust Loan trust Settlor included Settlor excluded Bare Discretionary Bare Discretionary 1 2 3 4 5 6 7 8 9 10 Is the trust IHT efficient? Is the capital outside of the estate after seven years? Gift with reservation rules apply Initial lump sum (regular payments outside estate immediately) Capital is loaned to the trustees, not gifted and remains part of the estate Is the trust IHT efficient? Is growth immediately outside the estate? Gift with reservation rules apply Is it a Potentially Exempt Transfer (PET)? Is it a Chargeable Lifetime Transfer (CLT)? (May be subject to entry charge if over available nil rate band * ) Initial lump sum only Might the trust be subject to a 10 year charge (if over available nil rate band * )? Can beneficiaries be added or changed? Can the settlor (client) receive any benefit or access to capital? Settlor is also a beneficiary Regular payments are established at outset and will continue for whole of life or until the fund runs out Access to payments at fixed points in the future if required Unrestricted access to capital invested (the loan amount) Will the trust assets avoid probate?