Setting up a Corporate Healthcare trust

Setting up a new Trust requires specialist advice, which ProAmica customarily passes to a retained specialist law firm. The whole process is straightforward and guided by us throughout, however it cannot be done overnight, so planning well in advance is recommended.

The key steps include:

● Drafting Trust deeds and rules

● Nominating Trustees

● Obtaining Inland Revenue approval

● Administrator appointment

● Employment contract checks

● Setting up a dedicated company trust bank account

● Agreeing the communication strategy between company and administrator

● Choosing benefit levels

The benefit levels chosen will have a significant impact on the anticipated size of the claims fund. ProAmica will suggest alternatives, expected funding levels, and work with Clients to define benefits best suited to their needs and budget.

ProAmica Client Relations staff are closely involved to ensure a straightforward transition from any previous arrangements there may be.

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Corporate Healthcare Trusts and Administration from ProAmica

ProAmica is a division of General & Medical Finance Plc - Registered in England No 2421641
General & Medical Finance Plc are authorised and regulated by the Financial Services Authority (FSA)
Our firm reference number is 306094 and this may be checked at www.fsa.gov.uk/register