RPSM04100020 - Technical Pages: Taxation: Overview: Tax relief and exemptions

Tax reliefs and exemptions for registered pension schemes

The following tax reliefs and exemptions are available in respect of registered pension schemes

• tax relief on member contributions; -see RPSM05101000,
• tax relief on employers contributions see RPSM05102000,
• employer contributions are not taxable on the member -see RPSM04100050,
• certain lump sum benefit payments and lump sum death benefits are exempt from tax
• income and gains of registered pension schemes are generally exempt from tax – see RPSM04103000 and
• contributions into and payments from a registered pension scheme are generally exempt from inheritance tax - see RPSM04100060.