Now known as employer-financed retirement benefit schemes (EFRBS), unapproved occupational pension schemes that employers used to set up to provide top-up benefits for employees who were caught by the pensions cap. No new FURBS can be set up since 6 April 2005. The employer entered into a contractual commitment to pay a pension at retirement, and made payments to fund that pension promise. FURBS were not capable of being approved by HM Revenue & Customs (HMRC), and attracted only limited tax relief. See also Unfunded unapproved retirement benefit schemes.