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Use this Approved Profit Sharing Scheme (APSS) Trust Deed to establish the trust and outline the rules and administration of the scheme.
Approved Profit Sharing Scheme (APSS) Trust Deed
Between:
[Your Company Name] (hereinafter referred to as the "Company")
And:
[Name of the Trustee] (hereinafter referred to as the "Trustee")
Date of Trust Deed: [Date]
1. Background
1.1 This Trust Deed establishes the [Your Company Name] Approved Profit Sharing Scheme ("APSS") Trust (hereinafter referred to as the "Trust") in accordance with the provisions of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) and other applicable laws and regulations.
2. Purpose and Objectives
2.1 The primary purpose of the Trust is to hold and manage the assets allocated to the APSS in accordance with the scheme rules and provisions.
2.2 The objectives of the Trust include:
a. To provide eligible employees of [Your Company Name]
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For more value, this is also found in our Full library and Share Schemes templates toolkit
This Approved Profit Sharing Scheme (APSS) Trust Deed template aims to offer you a versatile and customisable tool, serving as a solid foundation for your needs. Utilise it to ensure consistency, enhance accuracy, and save valuable time.
Adapt it to suit your unique requirements, ensuring efficiency and effectiveness in your HR processes.
Yes. This template has been designed for organisations of all sizes, including small businesses, charities and growing employers. It follows UK employment law best practice and can be adapted to suit your organisation.
Our templates are developed with UK employment legislation, Acas guidance and HR best practice in mind and are reviewed and updated as relevant requirements change. However, every employment situation is different, so the template should be adapted to the circumstances and checked against the employee's contract and your organisation's procedures before use.
Yes, we highlight the areas of the document that you need to update with your own details, and where you need to make decisions to suit your situation. This saves you time and ensures that you meet best practice.
Yes. Once purchased, you'll be able to download it instantly. Templates are provided in editable format (such as .doc or .xls) so you can customise them easily, and in PDF format for easy sharing.
If you're looking for broader support, we also offer toolkits and library bundles that include the Approved Profit Sharing Scheme (APSS) Trust Deed template, along with other HR templates and policies for fully managing your situation. These may be more cost-effective if you need deeper advice.
AI can produce a document quickly, but effective HR documentation needs to be more than well-written words. It needs to reflect relevant UK employment law, HR best practice, practical considerations and the circumstances in which it will be used. These resources have been professionally developed around that wider HR context, drawing on extensive practical experience, rather than simply generating a generic document from a prompt.
Darryl Horn, Chartered HR Director
Darryl is a Chartered HR professional with over 25 years' experience in senior HR and employee relations roles.
He has extensive practical experience of managing share schemes processes and founded hrdocbox to provide businesses with practical, professionally developed HR resources grounded in UK employment law and best practice.
"Darryl provides support and advice with excellent judgement, and has a strong understanding of people, policies and UK employment legislation."
"He is someone I trust; consistent, dependable, and committed to doing things properly."
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