Part 6Employment income: income which is not earnings or share-related
Chapter 2Benefits from F2employer-financed retirement benefits
Annotations:
Amendments (Textual)
Benefits treated as employment income
395AF1Benefits under old section 222 schemes not taxed by virtue of section 394
Section 394 does not apply to a benefit provided under an employer–financed retirement benefits scheme if—
a
immediately before 6th April 1980 the scheme was approved under section 222 of ICTA 1970,
b
the scheme was not approved under Chapter II of Part II of FA 1970,
c
no material changes have been made to the terms on which benefits are provided under the scheme after 5th April 1980, and
d
no contributions have been paid under the scheme after that date.
Words in Pt. 6 Ch. 2 heading substituted (6.4.2006) by Finance Act 2004 (c. 12), ss. 249(2), 284(1) (with Sch. 36)