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...

Age 18–25 trusts under UK IHT: concessions, qualifying criteria and exit charge computation (including bereaved minors and former A&M trusts)

Published by a LexisNexis Private Client expert

Practice notes

The distinct class of age 18–25 trusts was brought in by the Finance Act 2006 (FA 2006) to offset the withdrawal of traditional accumulation and Maintenance (A&M) trusts. Under the A&M framework, trusts established for children and young people up to 25 benefited from exemption from Inheritance tax (IHT) charges under those arrangements. Although the qualifying rules were quite tight and specific, they allowed any Settlor, whether during life or on death, to provide for younger beneficiaries. See Practice Note: Accumulation and maintenance trusts—IHT [Archived].

After FA 2006:

existing A&M settlements kept their IHT advantages solely where the beneficiaries became outright entitled to trust property by the age of 18
new A&M type trusts could be set up for a child under 18 whose parent had died—see Practice Note: Taxation of trusts for bereaved minors—IHT

The age 18–25 rules broaden each of those groups to preserve limited concessions for beneficiaries until reaching the age of 25...

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Paul Davies

Clarke Willmott

Paul Davies is a partner in the private client team of Clarke Willmott. He is a solicitor, a chartered tax advisor, and a member of the Society of Trust and Estate Practitioners, as well as being a chartered accountant (albeit no longer practising as such). He specialises in providing advice across the range of different tax and legal issues that face high net worth individuals, executors, and trustees.Paul's work spans all areas of private client work, including wills, trusts of all kind, inheritance tax, succession planning, probate and estate administration, and lasting powers of attorney. Paul acts as a professional trustee for a number of family trusts, and is also regularly called on to act as a professional executor....

Web page updated on 21/05/2026

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