Unapproved Pension Schemes

This title considers the provision of pensions through the medium of unapproved pension trusts.

It examines the associated legal areas which need to be considered in establishing such trusts, be they resident or non-resident.

An explanation of the requirements of the different sources of law and practice is given, and their relationship discussed.

The earnings cap for personal pensions has meant that highly paid employers are increasingly seeking advice on how to establish pension provisions in line with their employees expectations.

This title examines the commercial reasons for establishing unapproved pensions trusts; looks at the legal, taxation and social security positions arising from the establishment of the schemes; and considers points which should be born in mind when drafting a trust deed, financing arrangements and benefit design.

The book also considers alternative methods of dealing with the earnings cap.