I have come across a situation where a DGT has been set up for a client who does not need the income. The income is currently being paid out but straight into a trustee bank account.
Given that the income under a DGT is the property of the settlor, I believe this makes each payment kinto the trustee bank account a further PET. Can anyone else shed light on whether this is the case, and offer any advice as to what could be done to rectify it. I am thinking to simply make future payments payable to another account?