Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Maintenance definition

What does Maintenance mean? Maintenance describes financial support paid by one person to a current or former spouse or civil partner, or for the benefit of a child, during separation, divorce/dissolution and afterwards. It is a descriptive term used across family law, with statutory regimes and case law guiding its assessment and enforcement. England & Wales and Northern Ireland: spousal/civil partner maintenance is commonly termed periodical payments, including interim “maintenance pending suit”; child maintenance/child support is primarily via the Child Maintenance Service (with court jurisdiction in limited cases, including Schedule 1 Children Act 1989 and for a “child of the family”). Scotland: support during a...

Accumulation and Maintenance Trusts—UK IHT: Historical Treatment, Finance Act 2006 Changes, Transitional Relief and Age 18–25 Trusts (Archived)

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Practice notes

ARCHIVED: This Practice Note has been archived and is not maintained.

An accumulation and Maintenance (A&M) Settlement was a specific form of non‑Interest in possession (IIP) Trust created to make provision for children and young adults until they reached 25. From 1975 to 2006, A&M settlements benefited from favourable inheritance tax (IHT) treatment. That preferential position ended as part of the wide‑ranging reforms to the taxation of trusts introduced by the Finance Act 2006 (FA 2006) (see Practice Note: Finance Act 2006 changes to trust taxation [Archived]). At the same time, transitional provisions were put in place for A&M settlements made before 22 March 2006, permitting a degree of restructuring before 6 April 2008. This Practice Note considers the taxation of A&M trusts, both historically and under the post‑22 March 2006 rules. Although new A&M settlements cannot now be created, practitioners still need to understand the rules because they will continue to deal with trusts set up before 2006. Typically, an A&M trust had several beneficiaries of different ages. The beneficiaries’ shares may receive different treatment depending on the date on which each became entitled to an IIP...

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Web page updated on 21/05/2026

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