Jurisdiction(s):
United Kingdom

Will clause: Retail Prices Index (RPI)-linked pecuniary legacy with trustee discretion and optional free-of-tax provision

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Precedents

1

In clause 2 below, ‘the Sum’ means the amount arrived at by dividing £[ insert amount of legacy ] by the figure in the Index of Retail Prices for the month in which this Will is executed, allowing for any re-basing of that Index that may have occurred in the interim, and then multiplying by the corresponding figure in that Index for the month of my death. If, at that time, the latter figure is unavailable (whether because that Index has ceased publication or for any other reason), my Trustees—who may, if they think fit, refer to any other index they consider relevant and obtain whatever advice they deem appropriate—shall decide what, in their opinion, that figure would have been had it been available, and shall use the figure they determine for this calculation; their decision shall bind [ insert name of beneficiary ] and all persons interested in my estate.

2

I give the Sum [ free of tax ] to [ insert full name of beneficiary ] of [ insert address of beneficiary ]....

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Web page updated on 22/05/2026

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