1988 No. 504
INCOME TAX
The Occupational Pension Schemes (Rate of Tax under Paragraph 2(2) of Part II of Schedule 5 to the Finance Act 1970) Order 1988
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by paragraph 2(3) of Part II of Schedule 5 to the Finance Act 19701, hereby make the following Order:
1
This Order may be cited as the Occupational Pension Schemes (Rate of Tax under Paragraph 2(2) of Part II of Schedule 5 to the Finance Act 1970) Order 1988 and shall come into force on 6th April 1988.
2
The rate of tax under paragraph 2(2) of Part II of Schedule 5 to the Finance Act 19702 is increased from 10 per cent. to 20 per cent.
Tony DurantDavid LightbownTwo of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Order)