Recycling Equity Release funds into a DGT
I am trying to find some information as to why you wouldn't be able to recycle funds coming from Equity Release into a DGT to get the money out of the estate whilst still retaining the NRB after 7 years.
This would only really be applicable to clients who would breach the RNRB.
This seems like it would be illegal or frowned upon but i cannot find any information relating to this.
If anyone could help or would know where to look, this would be much appreciated.