EFRBS from STM Group
Providing tax efficient pension solutions for your retirement
The STM EFRBS or Employer Funded Retirement Benefits Scheme (often referred to as EFRB, EFURB or EFURBS), team provide expertise to companies and individuals looking for the most tax efficient way to maximise the value of their private pensions, or those of their employees.
What is an EFRBS?
Approved pension funds represent an efficient and valuable part of the retirement planning process. There are however limits to the level of annual contributions and restrictions to tax relief on pension contributions for higher earners. These factors are the primary reason why EFRBS are increasing in popularity.
An EFRBS is an employer sponsored, flexible retirement benefit arrangement which is permitted under UK tax law. Legislation encourages pension saving by allowing you to reduce your PAYE and NI contributions. This allows employers to provide retirement benefits to their employees or former employees.
EFRBS offer a simple and tax efficient retirement benefits schemes under which an employer can assist their directors and employees in saving for the future, alongside or in addition to, an approved pension scheme.
Why choose an EFRBS from STM Group?
STM Group is an independent firm listed on the London Stock Exchange. We employ over 150 multi-disciplinary people with offices in Gibraltar, Jersey, Malta and Spain. Our size and range of services ensures we can offer a range of innovative products whilst providing our clients with a high level of service and confidentiality that they deserve.
Advantages of having an EFRBS
- EFRBS offer a tax efficient way to extract money from your business
- Payments are made free of PAYE and NI contributions
- Income tax is deferred until the income is drawn, with the possibility of this being nil dependant on the tax status of the individual at that time
- There are no maximum contributions and no maximum fund value
- Regular and one off contributions can be made
- The whole fund can be taken as cash
- No Inheritance Tax (IHT) on death
As an independent multi-jurisdictional administrator and Trustee offering a wide range of pension products and structured benefit services, STM group offer a unique and compelling choice for business owners.
STM Fidecs Pension Trustees Limited is regulated by the Gibraltar Financial Services Commission - License Number: FSC00845B
STM Fidecs Life, Health & Pensions Limited is regulated by the Gibraltar Financial Services Commission - License Number: FSC00996B
