FURBS used to offer a great way for employers to provide extra compensation to high paid employees whilst receiving corporation tax relief.

For you the employee, you were able to build up pension provision beyond the set limits, albeit with a watered-down tax benefit compared to approved pensions.

And the best bit, at retirement you could take the whole pension as a lump sum tax FREE!

A-Day and Pension Simplification changed all that!

Now you pay tax on the growth of the fund at the highest rate:

• 40% (rising to 50% from April 2010) tax on savings income;
• 32.5% (rising to 42.5%) on UK dividend income;
• 18% tax on capital gains.
• And even pay income tax when you take the benefits at retirement.

But there is a solution

You can transfer to an International FURBS and pay NO tax on the growth of the fund.

How would you like to take the pension value as a lump sum at retirement totally free of tax?

With an International FURBS you can. Not only will the proceeds pass to your dependants tax-free on your death, it can even reduce your estates IHT bill!

If you think this may be of benefit to you, call for your free consultation on 0844 848 2277.