Income Tax (Earnings and Pensions) Act 2003

408Exception for contributions to [F1registered pension schemes] U.K.
This adran has no associated Nodiadau Esboniadol

(1)This Chapter does not apply to a contribution to a [F2registered pension scheme] [F3or an employer-financed retirement benefit scheme] if the contribution is made—

(a)as part of an arrangement relating to the termination of a person’s employment, and

(b)in order to provide benefits for the person in accordance with the terms of the scheme or approved personal pension arrangements.

F4(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Words in s. 408 heading substituted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 35 para. 63(4) (with Sch. 36)

F2Words in s. 408(1) substituted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 35 para. 63(2) (with Sch. 36)

F3Words in s. 408(1) inserted (with effect in relation to any time on or after 6.4.2006 in accordance with art. 1(2) of the amending S.I.) by The Taxation of Pension Schemes (Consequential Amendments) (No. 2) Order 2006 (S.I. 2006/1963), arts. 1(1), 2(2)