with profits bonds

[mutantpoodle]

as usuakl usure if this best place but hoping for replies anyway!!

TIA

i have a with profits bond started back in 1999 and written in trust

am i correct in thinking that on my death the trustees,,,
will arrange policy will pay TAX FREE to my nominated beneficiaries

I am aware that if and as I take monies from t I might be liable to tax,,,but upon my death are beneficiaries

[Alaric]

am i correct in thinking that on my death the trustees,,,
will arrange policy will pay TAX FREE to my nominated beneficiaries

Isn't this rather more of a taxation question? Namely the tax treatment of a life assurance policy written under Trust.

[DrBunsenHoneydew]

Yes, the point of its being in trust is that it is not legally yours, so falls outside your Estate if you die, avoiding Inheritance Tax. The trustees then use their discretion to pay the proceeds according to your previously stated wishes (technically they don't have to, but if they didn't they'd be out of a job).