SCHEDULES
SCHEDULE 35Pension schemes etc: minor and consequential amendments
Income Tax (Earnings and Pensions) Act 2003 (c. 1)
62
(1)
Section 407 (payments and benefits on termination of employment: exception for payments and benefits under tax-exempt pension schemes) is amended as follows.
(2)
In subsection (2), for paragraph (a) substitute—
“(a)
a registered pension scheme,
(aa)
a scheme set up by a government outside the United Kingdom for the benefit of employees or primarily for their benefit, or”.
(3)
Omit subsection (3).