The practical use of trusts is well rehearsed in Financial Planning with Trusts and reference can usefully be made to that title. See also the accompanying volume to this book, Living and Working Abroad. Both books are available from Claritax Books.

The UK trust structures – such as bare trust, discretionary trust, discounted gift trust, loan trust, as well as some other overseas variations – form key areas of planning for the internationally mobile employee or retiree.

The following table provides an overview of the different types of trust.

Type

Key details

Bare trust

Absolute transfer into trust which is a PET.

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