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TSEM3190 | Trust income: items that are not trust income for tax purposes

From HM Revenue & Customs · Trusts, Settlements and Estates Manual

The following are not trust income for tax purposes. Trustees should not include them on the Trust and Estate Tax Return.

  • Premium bonds, National lottery and gaming prizes

  • interest and terminal bonuses under Save As You Earn schemes

  • accumulated interest on National Savings Certificates, including index-linked certificates

  • interest on National Savings Children’s Bonus Bonds

  • interest awarded by a UK court as part of an award of damages for personal injury or death

  • dividends on ordinary shares in a Venture Capital Trust.