Corporate Planning

ECP specialise in providing advice and professional trustee services for products including Funded Unapproved Retirement Benefit Schemes (FURBS) and Employer Financed Retirement Benefit Schemes (EFRBS). FURBS and EFRBS are not regulated by the Financial Conduct Authority. FURBS are now unavailable following changes to HMRC rules and regulations in 2006. This change saw the introduction of EFRBS. This type of scheme can be used as part of a business functionality and can assist in providing loans to a corporate business.

Employer Financed Retirement Benefit Schemes (EFRBS) are legal trusts that are commonly used by companies as a flexible, tax-efficient way to provide retirement benefits for directors, shareholders and higher-paid employees.

What are the advantages?

  • EFRBS are a tax-efficient way of accessing gross profits to accumulate wealth for later life.
  • There is no limit to the amount that your company can contribute to EFRBS.
  • They can be used to build a pension fund quickly or continue pension contributions after the lifetime limit has been reached.

Investments within EFRBS

  • Directors who are scheme trustees have virtually unlimited investment powers.
  • EFRBS can make loans to sponsoring companies and trustees can buy assets belonging to scheme members, including shares and property.
  • EFRBS can be used by your company to make acquisitions, such as property and other businesses.

Taking benefits from EFRBS

  • Corporate tax relief is not available on contributions when they are made; however, it is allowed on the original contributions once benefits are taken.
  • EFRBS members do not need to retire to take benefits.
  • When taken, benefits are subject to income tax (EFRBS incur no tax liability up to this point).
  • Assets within EFRBS are not included in members’ estates for inheritance tax purposes.

A Small Self-Administered Scheme (SSAS) is an occupational pension scheme set up under trust with fewer than 12 members. This type of scheme is intended for employers who wish to generate the maximum pension benefits for directors and key employees in a given year. Via a SSAS investors are provided with a wide range of investment opportunities, such as purchasing commercial property. A SSAS can also loan up to 50% of its value, increasing buying power.

ECP works with a team of administrators who are well versed in HMRC legislation and can offer advice and guidance to protect member trustees from violating tax regulations.

ECP offers a wide range of trustee services, whether that is facilitating the set up of EFRBS, FURBS and SSASs or dealing with the beneficiaries of Personal Trusts. ECP acts in the interests of the beneficiaries and ensures that the proper care and attention is given to clients’ wishes.

Investment schemes

SEIS and EIS fund

Our own SEIS and EIS fund will be a multi-sector fund targeting growth, comprising a portfolio of 5–10 high-potential qualifying companies to be targeted via our rigorous due diligence process. Prospective investors will invest in the fund and the discretionary fund manager will select specific companies that are to receive this investment. This fund will mitigate investment risk through grouping together smaller businesses.


Launched in 1994, Enterprise Investment Schemes (EIS) are a series of higher rate UK tax reliefs that encourage investments and raise finance for small companies carrying on a qualifying trade in the UK. ECP works with a professional team of advisers who will recommend EIS products to adviser firms.


Introduced in 2011, the SEIS complements the existing Enterprise Investment Scheme (EIS) by encouraging investment into smaller high risk companies by offering a higher rate of tax relief to those who invest in these companies. The maximum sum that a growing business could raise through an SEIS is £150,000.

Talk to us

If you would like to discuss the details of this, please do not hesitate to contact Robert Stamp on 01243 432430.

Contact us for a free, no-obligation consultation on 01243 432 430 or email us on