The requirement to register trusts has created a historic challenge for trustees. If you think you may be affected, you can send us a copy of your trust(s) for us to review, and then we will talk you through what you need to do (including re. payment if you want us to help).
Because TruReg is part of Kinherit, the UK’s leading* Wills & Trusts specialist, you can be sure you are in the safe hands of qualified professionals. (* all of our Estate Planners train and qualify with the Society of Trust Estate Planners, the pre-eminent professional body for Wills & Trusts in the UK.)
In 2020, Anti-Money Laundering Directive 5 was adopted in the UK. This enshrined in law a legal obligation for most Trusts to register with HMRC’s Trust Registration Service by the 1st September deadline.
HMRC recognises that it is asking trustees for a lot of information, in a precise way, and with questions that can be technical in nature. To help trustees get through the process smoothly, HMRC allows certain 3rd parties (such as TruReg) to act as an authorized “Agent”.
Since 6 October 2020, trustees are legally required to keep detailed records of the trusts and key people named within. Most trusts will also need to register on HMRC’s Trust Register by 1 September 2022. We can help you collect the right information and register your trust. It starts with sending us a copy of your trust.
To initially register with us, we'll just need your Trust deed documents; once we've approved your application, we will need details of all Trustees, Settlors, Beneficiaries. For UK nationals, we'll need National Insurance numbers, and for Non-UK nationals, a passport number.
Our Basic service is £350, but some more complex trusts may require additional fees. We will advise you in advance if that's the case.
We were set up in 2021 to help advisors and their clients get their trusts registered ahead of the 1 September 2022 deadline. Our process is technology-enabled - to increase the speed and reduce the administration - and supported by our STEP-accredited specialists.
TruReg is a wholly owned subsidiary of Kinherit Ltd, a law firm specialising in Wills & Trusts that has developed the UK’s first and only digital Will & Trust platform. By combining STEP-qualified specialists with a level of service that’s groundbreaking in our unregulated industry, we are genuinely making a difference to families. And we hope to make a difference to you too.