Part 6Employment income: income which is not earnings or share-related

Chapter 1Payments to non-approved pension schemes

387Meaning of “non-approved retirement benefits scheme”

1

In this Chapter “retirement benefits scheme” has the meaning given by section 611 of ICTA.

2

For the purposes of this Chapter, a retirement benefits scheme is “non-approved” unless it is—

a

an approved scheme,

b

a relevant statutory scheme, or

c

a scheme set up by a government outside the United Kingdom for the benefit of its employees or primarily for their benefit.

3

In this section—

  • “approved scheme” has the meaning given by section 612(1) of ICTA, and

  • “relevant statutory scheme” has the meaning given by section 611A of ICTA.