Mandatory forms

You will need to complete the following documents for this trust type:

Wrap T&Cs	Wrap66 (PDF)
Underwriting application	DGP30HEALTH (PDF) Please complete and email to iruw@standardlife.ie or send via post to Aberdeen Client Servicing, Sunderland, SR43 4EE.
Trust Deed	One of the following Deeds depending on trust type: DGP30atrust (absolute trust) (PDF) DGP30ftrust (flexible trust) (PDF) DGP30dtrust (discretionary trust) (PDF) Required to allow us to meet our Anti Money Laundering obligations of discrepancy reporting of Trusts. Without seeing the existing Trust documentation, we are unable to determine whether it matches HMRC Trust Register and would therefore be unable to meet our AML obligations to report any discrepancies to HMRC without it.
AML Form	Beneficial Owner Form Wrap 377 (PDF) Pages 1, 3-10 (supplemental advice 34-38) Signed by IFA and one Trustee where product is Offshore Bond Required to allow us to meet our Anti Money Laundering obligations of identifying beneficial owners of Trusts.
HMRC Trust Registration Evidence	TRS Certificate (Gov.UK website) Certain exemptions apply e.g. Personal Injury Settlement and Will cases where the death is within the last two years. Required to allow us to comply with our Anti Money Laundering obligations. We are required to receive confirmation that a Trust has been set up on HMRC Trust Registration Service before entering into business relationship with a Trust.
Bank Verification Form	Wrap 352 (PDF) Required to allow us to comply with Anti Money Laundering obligations of customer verification.
Entity Self Certification (FATCA)	Yes: where trust is a passive N(F)FE (Business Type – Investment Body) then this form must be completed by each controlling person. ADV178 Form (PDF) We are obligated by FATCA (opens in a new window) and CRS to collect and report information about where our customers are tax resident, including the controlling persons of a Trust where the Trust is a Passive Non-Financial Foreign Entity (Passive NFFE from a FATCA perspective) or Passive Non-Financial Entity (Passive NFE from a CRS perspective).

Additional forms

Additional Offshore Bond Only Forms

If using an Offshore Bond these forms are also required:

Declaration of Residency Outside Ireland (PDF)

This form must be posted to Standard Life International Scanning Unit. 30 Lothian Road, Edinburgh, EH1 2DH.

Policyholders resident outside Ireland are required by the Irish Revenue to make a declaration in a format authorised by them, in order to receive payments without deduction of Irish tax.

Source of Wealth (PDF)

Anti Money Laundering obligations impose enhanced due diligence obligations on Offshore Bond providers. This information is required to allow Standard Life International as product provider of the Wrap Offshore Bond to fulfill those obligations.

Please provide as much information as possible as to how the funds accumulated. If the premium is over £250,000, we will require documentary evidence, for example, a letter from a solicitor or accountant confirming the source of the funds. Please see Source of Wealth Matrix (PDF) for more specific examples.

Please note, when an existing customers assets reach £250,000, we will also require evidence which documents the Source of Wealth.

Additional Corporate Trustee Forms

Authorised Signatory List – this is required where there is a Corporate Trustee firm acting as Trustee. This list of signatures should be provided on headed paper from the company/Corporate Trustee.

We need this information to ensure that information/instructions passed to and received from the Corporate Trusts are from authorised individuals to ensure that we meet a range of regulatory and legal obligations.

Customer Verification

We may seek identification (passport or driving license) or verification (bank statement/household bill within 3 months) for cases where clients fail electronic verification checks.

Trust new business application document requirements