TSEM1525 - Introduction to trusts: new trusts: employer trusts

Employers (normally companies) often set up schemes for the benefit of their employees. HMRC Trusts & Estates is involved as:

• they are created by formal trust deeds
• the trustees need to Self-Assess liability to tax.

They fall into the following main categories:

• employee benefit trusts (EBTs)
• funded unapproved retirement benefit schemes (FURBS)
• employee share ownership trusts (ESOTS/ QUESTS).

Different titles may be used for the above.

The above are the main employer trusts. There are others.

There is more detailed advice at TSEM5000 onwards.