Pilot Trusts
Use pilot trusts as part of your inheritance tax planning strategy.
FCA Regulated
Extensive Lender Panel
Based in Uxbridge
UK Wide Coverage
24hr Response
5★ Reviews
Pilot trusts (also called nil-rate band discretionary trusts) are typically set up with a nominal sum and can be used as part of an inheritance tax planning strategy, particularly in conjunction with death-in-service benefits, life insurance and pension death benefits.
How Pilot Trusts Work
- Set up during your lifetime with a small sum (typically £10)
- Additional assets are added on death (e.g. life insurance proceeds)
- Assets held in trust are outside the surviving spouse's estate
- Each trust established before 22 March 2006 has its own nil-rate band
Who Benefits?
- Individuals with death-in-service benefits
- Those with life insurance policies
- Couples seeking to maximise IHT nil-rate band usage
- Business owners with shareholder protection policies
Frequently Asked Questions
Do I need a pilot trust?
Pilot trusts are most beneficial if you have death-in-service benefits or life insurance that you want to keep outside your estate for inheritance tax purposes. Our specialists will assess whether this is appropriate for you.
Ready to Get Started?
Speak with one of our expert advisers today, initial consultation at our expense, and without obligation.