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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Life Policies: Pure Endowment policy linked with a Term Assurance policy: Discounted Gift Schemes: list of Companies and Scheme names

Discounted Gift Schemes are offered by a wide variety of providers, including most of the major insurance companies. The schemes are marketed with a variety of names, such as

  • Discounted Gift Plan
  • Discounted Gift Trust
  • Discounted Trust
  • Estate Planning Bond
  • Estate Preservation Plan
  • Inheritance Tax Plan
  • Inheritance Protection Plan
  • PELF Bond
  • PETA Bond
  • Reserved Interest Trust
  • Retained Interest Trust
  • Secure Estate Plan
  • Wealth Preservation Bond

If you come across an investment with one of these names then you are probably dealing with a Discounted Gift Scheme and should follow the instructions at IHTM20422.