Keeping Furbs on the right side of anti-avoidance rules

An offshore Furbs is a funded, unauthorised, retirement benefit scheme in the form of an offshore trust. It is funded because the benefits provided are limited to the extent of its funding and any future growth within it; it is unauthorised because it does not fall within any of the categories of approved pension schemes for UK tax purposes; it is a retirement benefit scheme because it is designed to provide retirement benefits to a specific class of employee and their family; it is in the form of a trust because the funds must be held independently; and it is offshore to avoid UK tax on it...