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HMRC internal manual

Trusts, Settlements and Estates Manual

Trusts for particular purposes: employment-related trusts - types

Employers can set up schemes for the benefit of their employees. Companies set up most employee benefit trusts. However it is possible for a non-company employer to have an employee benefit trust.

These schemes are most often funded through a trust. There are several types. The main ones are:

  • general employee benefit trusts
  • retirement benefits scheme trusts
  • employee share scheme (approved and unapproved) trusts

TSEM5025 will help you identify general employee benefit trusts.

Guidance on

  • general employee benefit trusts is at TSEM5050-TSEM5175
  • retirement benefits scheme trusts is at TSEM5200-TSEM5365
  • share scheme trusts is at TSEM5400-TSEM5550.

For trusts not falling into these 3 categories, see TSEM5575