PSI1.1.20 - Establishment and Administration of Retirement Benefits Schemes: Retirement Benefits Schemes - Free-Standing AVC Schemes


(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

These are schemes, approved under section 591 ICTA 88, to which employers do not contribute but through which employees can buy approvable benefits additional to those provided in their employers' schemes.