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 www.hmrc.gov.uk/manuals/eimanual/EIM15000.htm. 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.