Do you have a FURBS?

Funded Unapproved Retirement Benefits Scheme

  • Then you may gain considerably by transferring your funds to an Offshore FURBS
  • An Offshore FURBS is like a UK FURBS, but has very special tax treatments.

This means a number of very great tax savings to you:

  1. Your fund will grow tax free instead of being taxed at up to 50%
  2. You have much more flexible retirement options
  3. Your fund is normally free of any IHT
  4. Charges are often considerably lower than you are currently paying

Plans are established in the highly regulated jurisdiction of Guernsey, and the Trustees are fully regulated by their Financial Services Commission.

The table below summarises the advantages of moving to an Offshore FURBS

UK FURBS Offshore FURBS
Tax on the growth of the Fund
Tax on Savings Income 50% (typically) 0
Tax on UK Dividend Income 42.5% (typically) 0
Tax on Capital Gains 18% 0
Investment Options
Equities, Bonds etc Normally yes Yes
Residential Property Sometimes Yes*
Esoteric Investments Sometimes Yes*
Retirement Options
Earliest Retirement 50 50, may be earlier**
Cash on Retirement 100% Tax Free 100% Tax Free
Retirement Income allowed No, it would be taxed Yes, no tax
Loan from FURBS allowed Maybe Yes***
Inheritance Tax – IHT
IHT on Death Normally none Normally none***

*        Property and esoteric investments may be allowed
**      Subject to agreement by the Trustees
***    In addition, it is frequently possible to reduce the IHT on the rest of your estate

Notes for IFAs

  • This is an International variant of a UK FURBS.
  • Funding will always be from the transfer over of FURBS benefits.
  • Billions of pounds of FURBS monies lies neglected in old and paid-up schemes so that clients unnecessarily suffer from high tax charges.
  • Senior staff often have paid-up FURBS that they are not aware of
  • Brooklands Pensions work together with both the adviser and the member to ensure that the scheme is administered correctly and complies with current legislation as well as providing consultancy on operating the scheme in an efficient manner.
  • Full marketing and technical data will be sent to you when you enquire.