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Home / Tolley's Global Mobility: Personal Taxes /Jersey /JE2 Use of trust or other vehicles to assist in personal tax planning for wealth /JE2.2 Trusts / JE2.2.2 Types of private trusts
Commentary

JE2.2.2 Types of private trusts


Jersey

The following or combinations of the following are common types of trusts used:

  1. Ìý

    •ÌýÌýÌýÌý accumulation and maintenance trusts

  2. Ìý

    •ÌýÌýÌýÌý fixed interest trusts

  3. Ìý

    •ÌýÌýÌýÌý discretionary trusts

  4. Ìý

    •ÌýÌýÌýÌý reserved powers trusts

  5. Ìý

    •ÌýÌýÌýÌý purpose trusts

  6. Ìý

    •ÌýÌýÌýÌý family unit trusts

  7. Ìý

    •ÌýÌýÌýÌý employee benefit trusts (EBT)

  8. Ìý

    •ÌýÌýÌýÌý pensions

  9. Ìý

    •ÌýÌýÌýÌý private trust company (PTC) structure

Each of these are discussed in further detail below.

Accumulation and maintenance trusts

An accumulation and maintenance trust is generally used by a settlor for the purpose of providing for their children, grandchildren and further generations. As the name suggests, it is a trust which requires the trustee to accumulate the income of the trust for the future, but gives power for the income to be used in order to benefit (or maintain) any of the beneficiaries should the need arise (for example, to pay school or medical fees).

The benefits of the trust can therefore be enjoyed by a few generations although, at some point, the descendants

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