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Zurich launches discretionary discounted gift trust

Zurich’s investment arm Sterling has launched a new trust giving investors more choice and flexibility on inheritance tax planning.

The group says the Sterling Discretionary Discounted Gift Trust (DDGT) has been introduced in response to recent changes in the taxation of some trusts.

Changes to the beneficiary can be made at any time during the trust period, and none of the trust fund is included in the any of the beneficiaries’ estates for IHT purposes.

The launch gives intermediaries and their clients two discounted gift trusts through Zurich and the new DDGT allows clients to change the beneficiary at any time.

The new trust contrasts with the existing Sterling discounted gift (Bare) trust which is for clients who want to make no changes to the beneficiaries but want to avoid the IHT treatment applying to discretionary trusts.

Zurich investment manager director Paul Wright says: “IHT planning is an increasingly important area of the financial planning process and the new trust has been designed to complement our existing range of trusts, providing advisers and their customers with a range of market leading solutions.”


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