Retirement:
Funded Unapproved Retirement Benefit Schemes (FURBS), and
Unfunded Unapproved Retirement Benefit Schemes (UURBS)
Both unfunded and Funded Unapproved Retirement Benefits Schemes (FURBS and UURBS) were introduced to provide benefits for pension scheme members with earnings above the salary cap. As these are subject to National Insurance and are taxed as a benefit in kind to the employee there is little, if any, purpose in these being set up.
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Where next?
Within Pensions provided by your employer…
- Defined benefit schemes
- Defined contribution schemes
- Group personal pension scheme
- Stakeholder pension schemes offered by employers
- Small Self Administered Scheme (SSAS)
- Executive Pension Scheme (EPS)
- Overview of pensions
- The state pension
- Pensions you arrange yourself
- Your pension questions answered
- Glossary of commonly used terms
- The new rules effective from April 2006
General…
