The most straightforward option involves making an outright gift of capital as a potentially exempt transfer into an Absolute Trust. You have no access to capital or income at any future date. For that reason this type of Inheritance Trust is normally only suitable for a limited amount of capital, or for people in retirement with good pensions that meet most or all of their needs. It is often used for gifting capital to children but care needs to be taken as the beneficiaries will have rights of access when they reach the age of majority, and the tax treatment during the accumulation period is potentially subject to challenge.