PSI1.4.2 - Establishment and Administration of Retirement Benefits Schemes: Schemes Not Set Up Under Trust but Treated As Exempt Approved - Direction Requested Under Section 592(1)(B)

(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)

Directions are mainly given in "Hancock" annuity cases (see PSI1.1.17), but occasionally you will need to consider a direction on other types of scheme, for example, a scheme underwritten by a Friendly Society.