Get Uk Ns&i Ib 1384 2019-2026

Filling out the UK NS&I IB 1384 form is a crucial step for trustees wishing to open an Income Bonds account. This guide will provide you with a clear and user-friendly approach to completing the form successfully.

Follow the steps to complete the UK NS&I IB 1384 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In the initial deposit amount section, enter the amount you wish to deposit using black capital letters inside the provided boxes. Ensure the minimum deposit is £500 and does not exceed £1 million per trust.
3. Indicate if you already hold Income Bonds in the trust. If you are adding more money to an existing account, use the simpler Income Bonds deposit form instead.
4. In section 2a, if paying by cheque, provide the details of the account the cheque is drawn from, including the account holder's name and account number.
5. For section 2b, if switching from another NS&I account, specify the type of account you are switching from, the account number, and confirm if you want to close the account if the balance drops below the minimum required.
6. Complete the first trustee's details, including your NS&I number (if applicable), title, date of birth, name, address, postcode, country, nationality, phone number, and email address.
7. If you are a trustee for tax purposes outside the UK, provide the relevant details, including your city and country of birth, plus tax identification information.
8. If applicable, fill out the second trustee’s details in the same manner as the first trustee, ensuring all required fields are completed.
9. Describe the purpose of the trust and its title at the appropriate section, being specific about its objectives like tax planning or providing for dependants.
10. Enter the beneficiary's details, including their name, date of birth, address, and any necessary tax identification information, especially if they are tax-resident outside the UK.
11. Provide the settlor's details, including their name, date of birth, address, and the source of funds used for the investment.
12. In section 8, include the details of the nominated bank or building society account that will receive income payments, ensuring accuracy to avoid delays.
13. All trustees must sign in the designated areas and date the form. Ensure any marketing preferences are marked as appropriate.
14. Upon completing the form, send it to NS&I at the designated address along with any necessary supporting documents and your payment if applicable.

Complete your UK NS&I IB 1384 form online today for a smooth application process.