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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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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.
Yes, all of our templates are drafted with the latest ACAS guidance and UK employment legislation in mind. We review and update them regularly, so you can be confident they remain compliant.
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 Word or Excel format 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-generated templates can be useful as a starting point, but they may not reflect current UK employment legislation, your organisation's specific circumstances, or the wider HR process. This professionally drafted template has been prepared using current UK employment law and HR best practice, helping reduce the need for significant amendments.
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