TRSM50030 - Trustee data retention obligations: contents: how long the information must be retained by professional trustees

Where trustees are being paid to act as trustees of a trust, they must retain the records holding the information specified in TRSM50020 for five years after the date on which the final distribution is made under the trust.

These trustees should then arrange for the records to be deleted or destroyed at the end of that period unless:

• The trustees are required to retain them by or under an enactment
• The trustees are required to retain them for the purposes of court proceedings
• The trustees have reasonable grounds for believing that the records containing the personal data need to be retained for the purpose of legal proceedings
• The person to whom the information relates consents to the retention of the information