»Ê¹ÚÌåÓýapp

Employee benefit trusts are normally created by means of a discretionary settlement.

General employee benefit trusts will have titles such as

• employee benefit trust
• employee trust
• business trust
• discretionary bonus trust
• remuneration trust
• staff benevolent fund

»Ê¹ÚÌåÓýapp funding may be by annual or periodic contributions. »Ê¹ÚÌåÓýappse trusts have various functions, to provide

• general benefits or bonuses (TSEM5050)
• sick pay or medical expenses (TSEM5075)
• for education (TSEM5175)

Unapproved share schemes are treated in the same way as general employee benefit trusts. An employment trust as a general employee benefit trust if it is not

• a retirement benefits scheme
• an approved share scheme.