Employee Benefit Trust

Overview

A Jersey employee benefit trust ("EBT") is cost effective to set up and with a wide range of options and benefits available, it is an attractive solution for employers seeking to incentivise their employees.

Employee Benefit Trust

In short, an EBT is a discretionary trust set up for the purpose of benefitting employees. It is otherwise known as an employee share ownership plan or an employee share trust. As with any other discretionary trust, the EBT has a trustee and beneficiaries, with the employees of the company being the beneficiaries. The company will have an important role to play regarding the choice of trustee and in relation to ensuring that the trust is established in the right way to benefit its employees.