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HMRC internal manual

Trusts, Settlements and Estates Manual

Trusts for particular purposes: employment-related trusts - employer-financed retirement benefits schemes

This manual describes two types unfunded (TSEM5275) and funded (TSEM5300).

Up until 5 April 2006 these were known as unapproved retirement benefit schemes either unfunded (UURBS) or funded (FURBS). As of 6 April 2006 all existing unapproved schemes automatically become employer-financed retirement benefit schemes.

Guidance on the employment income aspects of employer-financed retirement benefit schemes can be found at EIM15000 - EIM15429. External customers can find this information at The EIM guidance deals with the position both before and after 6 April 2006 as there are a number of differences.

Full instructions about retirement benefit schemes are at onwards.