EIM15064 - Non-approved and employer-financed retirement benefits schemes: overseas schemes: Extra-Statutory Concession A10: superannuation funds

Section 615(6) ICTA 1988

There can be funds that are not strictly overseas retirement benefits schemes because they are administered within the UK. However, they may have as their principal purpose the provision of benefits for employees whose service in employment is carried out wholly or mainly overseas.

The responsibility for such schemes lies with Pension Schemes Services (PSS) who will decide on whether or not Section 615(6) ICTA 1988applies.

If a scheme is clearly within Section 615(6) ICTA 1988 on the basis of a decision already given by Pension Schemes Services (PSS) and a claim for concessionary treatment under Extra- Statutory Concession A10 is received, then further reference to PSS is not required. The treatment of any lump sum received should follow that outlined above in EIM15063 (penultimate paragraph of the concession).