Another question about A&M trusts

[Paula Henderson]

I know that if an A&M trust was in existence before FA 2006 it became a RPT if nothing was done to modify it.
However, if the olf A&M trust already specified income at 18 and capital at 25, I assume that it was not necessary to modify it because it already met the defintions of an 18 - 25 trust.
Is that correct?

[Lee Young]

If you are happy with the effect of the "18-25" trust rules then yes there would have been no need to modify it.