Setting up a new Trust is straightforward and guided by ProAmica throughout, but it cannot be done overnight, so it is wise to plan well in advance.

The main steps are:

• Drafting Trust deeds and rules
• Nominating Trustees
• Appointing ProAmica as the Administrator
• Employment contract checks
• Setting up a dedicated company trust bank account
• Agreeing communications between you and ProAmica
• Choosing benefit levels

The benefit levels chosen will have a significant impact on the size of the claims fund needed. ProAmica will work with you to define the benefit levels best suited to your needs and budget. We will recommend appropriate funding levels and suggest options for keeping costs down.

ProAmica Client Relations staff are closely involved throughout to ensure a straightforward transition from any previous healthcare arrangements you may have.

A guide to the Costs

There is a small initial fee towards the cost of setting up a new trust. Of course, this does not apply if you already have a Trust in place and you are simply appointing ProAmica as your specialist administrator.

The only other fee payable to ProAmica is a monthly fee to cover the day to day costs of administering the Trust. This is usually a flat fee for each adult member of the Trust. Each Trust is different so the monthly fee will vary from client to client. To talk to us about the actual cost of a Trust for your business, please contact us for a free quote.

To speak to a professional, friendly adviser, please call 0800 084 2589.
(For training purposes, calls may be monitored or recorded).