GOV.UK
Annual exempt amount: settlements: disabled persons: procedures
You should ask
- if the disabled person is the sole beneficiary of the settlement during his/her life
or
- if he/she has a life interest in at least one-half of the income and must receive at least one-half of any capital appointed or advanced during his/her lifetime.
If the answer is `yes’ you can accept that the main exemption is due.
If the answer is `no’ you must obtain a copy of the Trust Deed and consider its terms in the light of the preceding instruction.