Trustee Investments Kent

From 6 April 2010 trust rates will increase from 32.5% to 42.5% for dividend income and from 40% to 50% for other trust income.

This mean that trustees should focus their invesments on so–called “non income producing assets”. Conveniently such assets do produce income and often provide capital growth... Contact Us

Stay away from with profits funds Maturing With Profits

Trustees have a legal duty to provide capital protection for remainder men and a decent income for the life tenant. The well known case of Nestle vs. NatWest underlined the point.

http://webjcli.ncl.ac.uk/articles3/morris3.html

Trustees must have a written investment strategy and review the performance of their investments on a regular basis. Under the Trustee Investment Act 2000 they are also required to take professional, independent, investment advice.

Facts & Figures are expert in advising trustees, settlers and beneficiaries.

We recently had a case where a lawyer had left trust money on deposit for years. When we were instructed the trust was receiving an income of a paltry 0.5% per annum. We moved things around and the trust saw spectacularly improved returns.

Past performance is no guarantees of future returns but if the trustees do not do their best to invest trust monies effectively they could face the wrath of the beneficiaries.