- Skip to content [Accesskey 'S']
- Skip to navigation [Accesskey 'N']
- Go to Home page [Accesskey '1']
- Go to Site Map [Accesskey '3']
- Go to Search page [Accesskey '4']
- Go to Help page [Accesskey '6']
- Go to Terms & Conditions page [Accesskey '8']
- Go to Contact Us page [Accesskey '9']
- Go to Access Key Details page (Accessibility information) [Accesskey '0']
Help us improve your online experience...
We're always looking to improve the online services and experiences that we offer to you, we would really appreciate your participation in this short survey to help achieve this. It should take you no longer than 2 minutes to complete.
Discounted gift scheme (DGS).
The Discounted Gift Scheme allows a person (the donor/settlor) to reduce their potential IHT liability by making a gift into trust, whilst at the same time still retaining a right to receive fixed regular payments at specified intervals. The initial gift a person makes may be discounted for IHT purposes.
- It could immediately reduce the value of the donor’s estate for IHT purposes.
- The whole of the initial cash gift will be outside of the donor’s estate after seven years.
- Any growth on the Bond within the trust is outside of the donor’s estate from the outset.
- It allows the donor to receive fixed regular payments at specified intervals for life or until the value of the Bond is exhausted, whichever comes first.
- The trust can pay any IHT or income tax liabilities which arise in the Trust.
- After the donor’s death, the Bond in the trust fund will be held for the benefit of the people named as beneficiaries of the trust.
The value of the Bond held within the trust can fall as well as rise and is not guaranteed.
How useful did you find this page?
Contact our technical team
To find out more please talk to your usual Legal & General representative or email our technical team
Key documents
PDF: 216KB
PDF: 226KB
PDF: 241KB
PDF: 2.96MB
PDF: 726KB
PDF: 332KB
PDF: 482KB
PDF: 162KB
PDF: 655KB
PDF: 410KB
PDF: 411KB
Your recently viewed items
You need javascript enabled for us to remember your Recently Viewed Items.
Top rated pages
You Might Also Like...
Legal & General International
Provides quality investment products backed by efficient administration and superior fund management expertise.
Investments
