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0114 2009817 - Complaint Log

2 Complaints

01142009817 - 0114 200 9817 - 0114 2009 817


Airi I really unedinably take what we need reported. Frankly, Simply put i browsed across any various other content and conduct suspect that you are totally correct. Congrats using this type of on the net site.


Saqi I am always srrupised that a solicitor has set up a personal injury trust but has not explained how it works.If the personal injury trust is set up as a bare trust the money belongs to the person who has received the compensation, so any income from the trust should be included in that person's tax return.A bare trust is a way of holding money for someone, but the money remains theirs, and they are entitled to ask for it at any time. This is usually the best method for a personal injury trust. If a more complicated trust is advised, such as a discretionary trust, then you need to know why such a trust is thought best, and you must take great care no tax is payable on setting up the trust. Income tax is also different if you use a discretionary trust so make sure you understand every twist and turn before the trust is created.Please also make sure the compensation is paid into a separate bank account, and the account has the name of the trust. Signing a trust and then paying the money into your current account spoils the point completely.

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