NICs avoidance: employment income provided through third parties: Employer Financed Retirement Benefit Schemes - trustees’ earmark employer’s contributions
Many EFRBS are established under a trust, which may be discretionary or not. For the definition of a discretionary trust, see NIM53100.
It is important to be aware of the possibility that, when an employer makes a contribution to a trust (i.e. pays an amount of money or transfers assets to trustees), the trustees may earmark (however informally) part or all of the contributions
- at the same time as the employer makes the contribution, or
- at any time after the employer makes the contribution.
For guidance about