International Discounted Gift Scheme
Overview
The International Discounted Gift International Portfolio Bond is a single premium whole of life investment bond with no fixed investment period offered by Legal & General International. It provides a tax efficient framework for investing in assets from a wide choice of different investment managers and deposit account providers. This bond is only available in conjunction with a Legal & General International Discounted Gift Trust. Together, they form the International Discounted Gift Scheme.
The Scheme aims to:
- Help reduce the Settlor / Donor's Inheritance Tax liability as part of an overall Inheritance Tax planning strategy.
- Provide the Settlor / Donor with regular payments for the rest of their lifetime.
- Provide growth on the amount invested in the bond over the medium to long term (at least five years, ideally longer) in a tax efficient way.
- Enable the Trustees to pass the remaining Trust Fund to the chosen Beneficiaries following the Settlor / Donor’s death, either immediately or at any time subsequently.
- Provide access to a wide choice of assets from a range of investment managers and deposit account providers.
Literature and trust deeds for the International Discounted Gift Scheme are available here.
* Product literature is currently being updated to replace the term Donors, with Settlors for use in relation to a Discretionary Trust.
* The International Discounted Gift Scheme is currently not available on the Cofunds platform.
