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.
