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Canada Life’s Thompson on flexible reversionary trusts

Canada’s Life’s tax and estate planning consultant Paul Thompson outlines the benefits of flexible reversionary trusts.

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He highlights their growing value in terms of topping up retirement income following the UK government’s move to reduct the life time allowance for pension savings to £1m ($1.5m, €1.3m) this year.

Thompson also notes these trusts can be beneficial for clients already in retirement who can use the structure to both receive benefits for themselves and pay things like school fees for grandchildren.

 

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