http://www.legislation.gov.uk/uksi/2001/637/contents/made

The Retirement Benefits Schemes (Indexation of Earnings Cap) Order 2001

Income tax

Tax

King's Printer of Acts of Parliament

2014-09-26

INCOME TAX

Section 590C(1) of the Income and Corporation Taxes Act 1988 (“the Act”) provides that in arriving at an employee’s final remuneration for the purposes of section 590(3)(a) or (d) of the Act (conditions for approval of retirement benefits schemes), any excess over the permitted maximum figure (“the earnings cap”) for the year of assessment in which the employee’s participation in the scheme ceases shall be disregarded.