Income Tax (Earnings and Pensions) Act 2003

586Meaning of “retirement benefits scheme” etc.U.K.
This adran has no associated Nodiadau Esboniadol

(1)In this Chapter—

  • “retirement benefits scheme” has the meaning given in section 611 of ICTA;

  • “approved”, in relation to such a scheme, means that the scheme is approved by [F1the Commissioners for Her Majesty’s Revenue and Customs] for the purposes of—

    (a)

    Chapter 2 of Part 2 of FA 1970, or

    (b)

    Chapter 1 of Part 14 of ICTA.

(2)Any reference in this Chapter to a pension or annuity paid under a retirement benefits scheme includes a reference to a pension or annuity paid under a contract which—

(a)is made for purposes of the scheme, and

(b)is made between—

(i)the administrator of the scheme,

(ii)the employer, or

(iii)the employee or an ex-spouse of the employee,

and a third party.

(3)In subsection (2) the reference to the employer is a reference to the person who is the employer in relation to the scheme.

(4)In subsection (2)(b)(i) “administrator of the scheme” is to be construed in accordance with section 611AA of ICTA.

(5)References in this Chapter to approved retirement benefits schemes are extended by section 587 (marine pilots' benefit fund).

Textual Amendments