Retired professionals, Stephen and Linda, were looking to pass on the proceeds of their estate to their grandchildren as tax-efficiently as possible.
Schroders Personal Wealth had set up a trust for their grandchildren over 7 years ago. This meant it was now outside of their estate and so wouldn't be subject to inheritance tax (IHT) rules.
Their investment portfolio had since grown and was now subject to IHT in the event of their passing. This meant their estate wasn’t that tax efficient.
Schroders Personal Wealth helped the couple create a new trust for their grandchildren. They were still above the tax threshold, so moved some of their money into the new trust. This prevented a new tax liability arising due to potential future investment growth.