The STM Fidecs' EFRBS or Employer Funded Retirement Benefits Scheme (often referred to as EFRB, EFURB or EFURBS) team provide expertise to companies and individuals looking for the most tax-efficient way to maximise the value of their private pensions, or those of their employees.
What is an EFRBS?
As the name suggests, The STM Employer-Funded Retirement Benefits Scheme (STM EFRBS) is an employer-sponsored, flexible retirement benefit arrangement which is permitted under UK tax law.
What is a Gibraltar Approved Pension Scheme? It is a scheme which has been approved by the Gibraltar Income Tax Office.
Why does it need to be approved? To take advantage of the deductibility for tax purposes of employers' and employees' contributions. It also ensures that employers' contributions are not treated as additional remuneration for the employee and taxed as such.