To Qualify for the “Pro Sports Trust” you need to:
Be either domiciled or resident in the UK for tax purposes.
Have excess income and be able to make regular payments.
Are willing to transfer ownership of your money to a professional trustee.
Allow the professional trustee to make investment decisions on your behalf, following recommendations received from your financial adviser.
Are willing to accept that the value of the trust may fall in value, as well as rise.
Access to your money:
You do not need an immediate income, unrestricted access to the money or access to money for at least five years.
In the event of a career changing injury or when you retire from your chosen professional sport, you can request access to the trust money.
If you, or your family, do not need access to the money, it can remain invested via the trust.
If you wish to pass money to your family from the trust, you can make a request to the professional trustees.
The price of shares and the income from them can go down as well as up as a result of changes in the value of the underlying investments and currency movements. An investor may not get back the amount originally invested. Past performance is not necessarily a guide to future returns.