EIM15123 - Non-approved and employer-financed retirement benefits schemes: receipts excluded from charge: prior employee contributions

Note: This guidance applies only to receipts from a non-approved retirement benefits scheme (see EIM15010) and so applies only before 6 April 2006. If dealing with a receipt on or after that date, see EIM15121 for employer-financed schemes

A lump sum otherwise chargeable under Section 394 ITEPA 2003 (see EIM15010) is not chargeable, or only partly chargeable, if it is attributable wholly, or partly, to the employee's own contributions to the scheme (see EIM15051 and example EIM15428)