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

Chapter 3 U.K. Payments and benefits on termination of employment etc.

Exceptions and reductions U.K.

408 Exception for contributions to tax-exempt pension schemes U.K.

(1) This Chapter does not apply to a contribution to a tax-exempt pension scheme or approved personal pension arrangements 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.

(2) For this purpose—

• “tax-exempt pension scheme” has the same meaning as in section 407(2), and

• “approved” and “personal pension arrangements” have the meaning given by section 630(1) of ICTA.