A typical case that we can assist with involves an EBT with £50,000 – £1,000,000 in Employee Benefit Trust assets. Irrespective of whether the assets held are in cash deposits, property or shares, we are likely to be able to assist in their extraction from the EBT in a tax efficient manner.
The solution for these cases will be dependent upon personal circumstances such as:
- Retirement planning intentions
- The current trustees
- The immediacy of access to the funds that is required
The range of options includes the use of an International Pension Contract (IPC), transfer of funds into a Remuneration Trust, or the purchase of shares by the EBT. The strategy is always going to be case dependent, however the outcome is always a realistic cost and a financially positive outcome for the beneficiaries concerned.