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Relevant Life Policy Trust and Nomination Forms Use these forms if an employer owns the plan, and they want to provide life cover for one of their employees outside a registered group life scheme.

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What is relevant life policy trust?

A relevant life policy trust is a legal arrangement designed to hold a relevant life policy on behalf of the policyholder and provide specific instructions for how the policy proceeds should be distributed.

Who is required to file relevant life policy trust?

The policyholder or the person who holds a relevant life policy is required to file a relevant life policy trust.

How to fill out relevant life policy trust?

To fill out a relevant life policy trust, you need to provide information about the policyholder, beneficiaries, trustee, and specific instructions for how the policy proceeds should be distributed. It is recommended to seek professional advice to ensure the trust document is correctly completed.

What is the purpose of relevant life policy trust?

The purpose of a relevant life policy trust is to ensure the policy proceeds are distributed according to the wishes of the policyholder and to provide certain tax advantages, such as inheritance tax planning.

What information must be reported on relevant life policy trust?

The relevant life policy trust document must include details of the policyholder, beneficiaries, trustee, and instructions for how the policy proceeds should be distributed. Additionally, any changes or amendments to the trust must be reported.

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