The transfer of money into the Trust will not result in a personal tax liability for the individual.
The individual is the sole beneficiary of the Trust. The assets of the Trust cannot be accessed by creditors in the event of company failure.
Current profits and retained earnings in the company can be transferred into the Trust for the benefit of the individual.
The Trust can invest in areas of personal interest to the director including property, private companies, equities, gilts, tracker bonds, deposits, investment funds, etc.
All investments grow free of Income Tax and Capital Gains Tax.
The involvement of the director in the management of the Trust depends entirely on the level of personal interest. It can be a hands-on or hands-off arrangement. Investment expertise is not necessary.
Benefits can be drawn directly from the Trust at retirement commencing at age 50.
The information on this
website is supplied as a general guide only. Independent Trustee Company
Limited accepts no responsibility for any errors or omissions. In all cases
independent financial and legal advice should be obtained.
Registered Office: Independent Trustee Company Ltd., Harmony Court, Harmony Row, Dublin 2, Ireland.