EFRBS

The purpose of Employer Financial Retirement Benefit Schemes (EFRBS) is to provide retirement benefits for the executives and their family.

Alexander Forbes will arrange for a trust to be set up on behalf of the employer. Retirement benefits are provided to employees through contributions to the trust, which are then allocated at retirement.

Money within an EFRBS can be invested in a wide range of assets. EFRBS do not have the investment restrictions normally associated with pensions. An EFRBS can invest in stocks, shares, loans, commercial and residential property, as well as cash deposits, equities and unit trusts.

By using the Alexander Forbes EFRBS there will be no capital gains tax on all offshore gains and there will be no corporate or income tax to pay on offshore derived income.

The contributions to an EFRBS do not form part of the individuals annual or lifetime allowance to pensions and is a tax-efficient retirement planning vehicle.