The Pensioneer Trustee Company (Guernsey) Limited

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FURBS

The Funded Unapproved Retirement Benefit Scheme (FURBS) is a retirement savings vehicle still used in the UK. No new FURBS have been created since 2006. However, they remain an advantageous retirement savings option for those who have them – as long as you have the right provider to manage the scheme. 

The key points about FURBS
  • A much larger limit than a regular pension scheme
  • Used as a form of top up benefit for higher earning employees
  • Contributions made before 6 April 2006 not subject to inheritance tax
  • IHT regime that applies to other discretionary trusts isn’t applicable
The problem with FURBS

There is nothing inherently wrong with FURBS – quite the opposite. However, problems have arisen with the handling of the schemes by the trustees managing them. Escalating fees and poor service are two key issues many have experienced.

Why transfer your FURBS trustees?

An efficiently managed FURBS makes life much easier for everyone. There are many benefits to optimising your FURBS by transferring to new trustees, including:

  • Strong, transparent client relationships – face-to-face contact and dedicated staff
  • Fixed fees – costs that won’t escalate unpredictably
  • Competitive pricing – service that delivers on both cost and quality
  • Expertise and knowledge – work with a team with an in-depth understanding of FURBS and its place in the modern retirement savings market
  • Better overall management – the better the FURBS is managed, the more cost effective this will be for the business
How to transfer FURBS

Executing a FURBS transfer is simple and fast. If you’d like to find out more please get in touch.

Contact us

The Pensioneer Trustee Company (Guernsey) Limited
Ground Floor, 10 Lefebvre Street
St Peter Port, Guernsey
Channel Islands GY1 2PE

T +44 (0) 1481 743760

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Regulatory Information

The Pensioneer Trustee Company (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 and subject to The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No.2) 2017.