I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222
Whilst you can no longer set up new Funded Unapproved Retirements Benefits Schemes (FURBS), we are regularly approached by trustees of existing schemes particularly when they want to make payments to beneficiaries.

We provide professional trusteeship which enables us to guide other trustees on their duties by sharing responsibility.

We can produce financial statements, submit tax returns and do general administration including helping to process investment transactions.

We are often engaged to help an existing set of trustees who want to distribute funds to the beneficiaries and then close down the FURBS.

As of 31 March 2016, we have over 175 FURBS in our portfolio.

Significant experience:
  • we have been looking after FURBS since our inception in 1989 and have helped hundreds of sets of trustees meaning that it is likely that we will have previous experience to rely upon for any new challenges faced by trustees
  • there is a huge variety of assets held within our clients' FURBS portfolios, with many investing in commercial property or making loans
Find out how we can help with your FURBS

Related knowledge and resources


  • Picture for Will base rate reduction yield cheaper borrowing from SSASs?
    Will base rate reduction yield cheaper borrowing from SSASs?

    Following a cut in base rate on 4 August for the first time since March 2009, we ask whether companies can now borrow more cheaply from SSASs as the minimum interest rate set by HM Revenue & Customs is linked to base rate?

  • Picture for Budget 2015 roundup
    Budget 2015 roundup

    The Chancellor of the Exchequer delivered his 2015 Budget speech yesterday. The speech included a few pensions-related points, some of which were expected as they had been previously announced or reported in last weekend’s national press.

  • Picture for Taxation of Pensions Act 2014
    Taxation of Pensions Act 2014

    The new pension freedoms are now part of UK legislation, with the Taxation of Pensions Act 2014 receiving Royal Assent on 17 December 2014. Here’s a quick helicopter view of the 78 pages of legislation.

  • Current tax position of FURBS

    As a result of tax advantage erosion, funds held within these types of trusts are now taxed in line with general trust rates.

  • Taxation of Pension Death Benefits

    The death benefits that can now be provided from SSASs and SIPPs are more tax-efficient and available to more classes of beneficiaries following the introduction of the Taxation of Pensions Act 2014 and the Finance Act 2015. This summarises the changes.

  • Flexi-Access Drawdown

    The Taxation of Pensions Act 2014 allows pension savers who have reached pension age to draw from their pension funds without limit from 6 April 2015. Our latest briefing note looks at income drawdown rules.

  • Further support for Crisis at Christmas

    A raffle held at the Barnett Waddingham staff Christmas party has helped to raise additional financial support for Crisis at Christmas – the charity that aims to end homelessness and help change people’s lives for the better.

  • SIPP properties break 1,000 mark for first time

    Barnett Waddingham has today announced that the number of properties under administration within its SIPP business has exceeded 1,000 for the first time.

  • Our SSAS comes highly commended

    Barnett Waddingham was named as a highly commended SSAS provider at the 2014 Investment Life & Pensions Moneyfacts Awards held at the Lancaster London Hotel on 25 September.

Register for your choice of email alerts

Stay ahead with our latest comment, expert insight and event details.