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HMRC internal manual

Trusts, Settlements and Estates Manual

Legal Background to Trusts and Estates: Minor Beneficiary of A Trust - Capital vests later than the age of majority

A settlor may not want property to go to a beneficiary immediately he becomes an adult.  The beneficiary could be too immature to handle his financial affairs. The trust deed would stipulate that the property remained in trust until the beneficiary becomes absolutely entitled on attaining a greater age.

From the age of majority until age 25, the beneficiary would usually be entitled to the income arising. The settlor could include alternative instructions in the trust deed.