Jargon Buster - Definition of Split Trust

Please select your letter of choice below to see the list of terms:

Split Trust

is a type of trust that allows the settler (trust owner) to retain the benefits of an insurance policy payout under certain conditions. One typical use for a split trust is for life and critical illness policies, whereby if the policyholder dies the payout is distributed via their trust, on the other hand if they suffer a critical illness and live then they will retain the benefit.

The Financial Conduct Authority does not regulate trusts.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.


Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.

The Financial Conduct Authority do not regulate tax and trust planning. Levels and basis of relief are based on individual circumstances and are subject to change.

If you are in doubt of the meaning of any terms, why not email us on info@topquoteuk.com

The Financial Conduct Authority does not regulate trusts.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.