We spotted an article in one of the mainstream newspapers earlier in November to suggest that Trusts could be stripped of their tax advantages and will not be able to be used in the way intended.
We wanted to let you know that this was a report of a consultation and NOT a report that anything has actually changed. These types of consultations happen all the time, Trusts being only one point of focus in this announcement, and we are not concerned about the discussion points at this time.
The history of Trusts dates back centuries and the Government are not planning on doing away with the concept entirely, which is good news as Trusts clearly have their place in modern society.
We will keep you updated on developments in this particular review as we know about them, however, for the moment it is business as usual.
Redwood Financial is one of the Souths leading Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of pension and financial wealth planning, we can advise on any situation. Join us at one of our Free Public Information Seminars: Book online Book Me A Place!, Call us on 01489877 547 or Email info@redwoodfinancial.co.uk to book a FREE Initial Meeting with us to review your financial planning needs.
