Trust Administration Support from Transact
As you know, having trusts in place allows your clients to protect their wealth. However they can be complex and getting it right is sometimes time consuming. To help support advisers we provide access to in-house support from our Technical Support Team:
020 7608 5330
We have also sourced specialists in the field of trusts to help you build your business on ours. Click on the trust service provider name for more details.
We are not affiliated with the trust service providers listed below and do not receive a fee or commission for any referrals to them. The contact details are provided for information purposes only and not intended to be a recommendation for any third party service.
Trust Service Providers
Solidus is a leading Trust Services Company who work with financial planners throughout the United Kingdom to provide their clients with enhanced advice in relation to Trust Solutions.
Established in 1996, Solidus has developed a reputation for providing unrivalled wealth protection services which complement current financial advice.
Sonya Gosling – 0845 260 8750 – Sonya@siep.co.uk
Mills & Reeve LLP are a leading national law firm, and have been assisting private clients for over 130 years with all aspects of estate and trust planning. As well as offering a wide range of trust services to trustees and individuals, the firm’s trust corporation can act as an independent professional trustee.
Mills & Reeve provide advice on trust administration and taxation, trust compliance, accounting and trustee’s duties and offer a wealth of legal, accounting and taxation knowledge in this specialist area.
Claire Nash – 0121 456 8415 firstname.lastname@example.org
Blick Rothenberg is a leading accounting, tax and advisory practice.
They offer audit, assurance and business advisory services, as well as advice on corporate and personal tax matters to a wide range of clients, and have particular experience of working with owner managed businesses, SMEs and high net worth individuals across a variety of sectors.
The firm advises on trusts of all sizes holding a wide range of asset classes and offers a full range of compliance services including:
- Preparation of trust tax returns and electronic submission to HMRC (SA900)
- Preparation of trust accounts
- Production of tax certificates (forms R185) for beneficiaries
- Calculation of maximum income distributions
- Preparation of inheritance tax accounts for ten year anniversaries and exit charges.
In addition they can advise on all tax issues including tax efficient winding up of trusts, securing reliefs from Capital Gains Tax and Inheritance Tax and using trusts in estate planning.
Stephanie Parker – 020 7544 8863 – email@example.com
CLYDESDALE BANK AND YORKSHIRE BANK
It can be difficult to find a bank that understands trust arrangements. That can lead to problems when setting up a bank account for a trust. Clydesdale and Yorkshire Bank have the expertise and experience needed to avoid those problems.
Clydesdale Bank and Yorkshire Bank are trading names of Clydesdale Bank PLC which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. (Financial Services Register No. 121873). Credit facilities other than regulated mortgages and regulated credit agreements are not regulated by the Financial Conduct Authority. Clydesdale Bank PLC Registered in Scotland (No. SC001111). Registered Office: 30 St. Vincent Place, Glasgow G1 2HL.
Metro Bank provide banking services for UK trusts. Using an experienced centralised team, we look to provide a high level of service along with a market leading product offering.
Metro Bank are offering an enhanced Instant Access Savings rate for Transact clients, as follows (figures correct as at 6 March 2017):
Instant Access Savings
For current Fixed Term Deposit rates, log into Transact Online and go to Information > Term Deposits.
The trust banking facilities from Metro Bank are subject to a £10k minimum opening balance and bespoke rates are available for deposits in excess of £5,000,000. All rates are subject to change.
You can download application forms and accompanying documentation by clicking on the links below.
When completing the forms please use the External Trust Account Checklist to ensure your client has answered all of the questions and provided all of the information as requested:
- Transact Trust Account Application Form and Mandate
- What You Need to Open an Account
- Individual Identification & Verification
Upon completion of the above documents please forward these with your Transact Trust application to Transact at our usual address.
Metro Bank PLC is registered in England and Wales, company number 6419587. Registered office: One Southampton Row, London WC1B 5HA. We’re authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ‘Metrobank’ is the registered trade mark of Metro Bank PLC.
This page is for use by Advisers only. It is intended as general guidance only and should not be viewed as a recommendation to use or rely on any of the providers mentioned. The information contained in this document is not advice, nor is it a substitute for advice.