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Legal & General – Discounted Gift Scheme

Legal & General

Discounted Gift Scheme

Type: Inheritance tax mitigation plan

Aim: Reducing IHT liabilities by investing in up to 10 unit-linked funds through an absolute, discretionary or flexible trust

Minimum investment: Lump sum £50,000

Investment choice: Up to 10 funds from choice of 12 Legal & General funds and 234 externally managed funds

Allocation rates: 96-101.25% depending on age, investment amount and annual withdrawal rate

Switches: 25 free fund switches a year, thereafter £25 each

Special offer: Extra 1% allocation

Offer period: Until March 31, 2007

Charges: Initial charge up to 4% depending on age, investment amount and annual withdrawal amount, annual 1.3% for Legal & General funds, 1.59-3.35% for external funds depending on fund

Commission: Subject to negotiation

Tel: 0845 273 0008


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