Trusts

Trusts are commonly used for estate planning, asset protection, and tax management. Our products can be held within many types of trusts, including bare and interest-in-possession trusts.

Currently, we don’t allow discretionary trust investments unless the beneficiaries named on the application are also named on the trust deed.

Advantages of holding NS&I products in trusts

Capital security

As NS&I products are backed by HM Treasury, they offer unparalleled safety for trust assets.

Interest and growth

Several of our products can generate either regular income or capital growth, supporting the trust’s financial objectives. This includes Guaranteed Income Bonds, Guaranteed Growth Bonds, Index-linked Savings Certificates and Fixed-Interest Savings Certificates.

Products suitable for trusts

Not all our product range can be held in trusts. 
Our savings products that can be held in trusts include:

• Guaranteed Income Bonds
• Guaranteed Growth Bonds
• Income Bonds
• Investment Account
• Fixed Interest Savings Certificates
• Index-linked Savings Certificates

Please note that some products, such as Savings Certificates and Guaranteed Bonds, are not always on general sale.

It’s essential to ensure that the trust deed allows investment in our products and to be mindful of restrictions on certain products.

Application requirements:

• Your clients can hold NS&I products in trust where the trustees are the only holders.
• We need beneficiaries’ details for our records, but they won’t need to sign applications to purchase, cash in or transfer.
• Trusts that are entirely discretionary are not permitted, such as money left in a will for the benefit of unborn grandchildren.

Joint trusts

NS&I Savings Certificates are allowed to be held in trust in joint names with one or more beneficiaries.

As well joint trustees, there could also be a beneficiary who has a role as a trustee. All trustees and beneficiaries are registered as holders, and all must sign any applications to cash in or transfer.

A joint held trust is not permitted for any other products, apart from Index-Linked Savings Certificates and Fixed-Interest Savings Certificates.

How to apply

Trust applications must be made directly to NS&I. Forms can be downloaded or requested by calling our Adviser Helpline on 0800 092 1228 (Calls from outside the UK may not be free. Calls may be recorded).

The trust title should be given on the application form when the investment is purchased.

These forms include all the information that your clients need to make their application, including details of documents to meet Anti-Money Laundering regulations.

Download forms