This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Trusts, Settlements and Estates Manual

Trust income: items that are not trust income for tax purposes

The following are not trust income for tax purposes. Trustees should not include them on the Trust and Estate Tax Return.

  • Premium bonds, National lottery and gaming prizes
  • interest and terminal bonuses under Save As You Earn schemes
  • accumulated interest on National Savings Certificates, including index-linked certificates
  • interest on National Savings Children’s Bonus Bonds
  • interest awarded by a UK court as part of an award of damages for personal injury or death
  • dividends on ordinary shares in a Venture Capital Trust.