🗞️ Pension scheme trust

About this category

A pension scheme trust is a trust set up to provide benefits to employees after they retire. The trust is usually set up by the employer, and the employees make contributions to the trust. The trust is then used to pay the employees' pension benefits.

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🗞️ Pension scheme trust


Standard Trust Deed And Rules For Pension Scheme (Private Sector)

A standard-form trust deed and rules for a private-sector occupational pension scheme providing benefits on a final-salary, career-average, and money purchase basis.

What to watch out for

  • The standard
  • form trust deed and rules for a private
  • sector occupational pension scheme providing benefits on a final
  • salary, career
  • average and money purchase basis.
  • The scheme's trustees and the employer(s) who are party to the scheme.
  • The scheme's beneficiaries (i.e. the members and their dependants).
  • The scheme's assets and how they are held/invested.
  • The scheme's liabilities, including any unfunded benefits.
  • The scheme's funding arrangements, including any deficit.
  • The scheme's governing law and jurisdiction.
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    Associated business activities

    Create a pension scheme

    In the United Kingdom, there are several reasons why someone might want to create a pension scheme. First, a pension scheme can provide tax relief for the individual or business owner. Second, a pension scheme can help to attract and retain employees. Finally, a pension scheme can provide a source of income in retirement.