Many PCC’s are the beneficiary of trust fund income. This can arise from a variety of sources including legacies, gifts or the sale of an asset. The income generated can range from a few £’s per year to thousands of £’s. All PCC’s are pleased to receive the additional income, but fewer are aware of their responsibility as managing trustee or the options available to them should they want to access the capital of the trust.
We’ve listed below the common questions that we’re asked about trusts. If your PCC has a trust, but you don’t really know what that means, we’d encourage you to work through these pages.