(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)
Section 1 - Retirement Benefits Schemes
Section 2 - Non-Approvable Benefits
Section 3 - Exempt Approved Schemes and
Conformity With Trust Law
Section 4 - Schemes Not Set Up Under Trust But
Treated As Exempt Approved
Section 1 - Retirement Benefits
Schemes
| PSI1.1.1 | Introduction |
| PSI1.1.2 | Definition of a retirement benefits scheme |
| PSI1.1.4 | - Relevant benefits general |
| PSI1.1.5 | - State scheme |
| PSI1.1.7-10 | Ex-gratia relevant benefits |
| PSI1.1.13-14 | Retirement benefits schemes |
| PSI1.1.15 | Unfunded schemes |
| PSI1.1.16 | Individual arrangements |
| PSI1.1.17 | “Hancock” annuities |
| PSI1.1.18 | Earmarked schemes |
| PSI1.1.19 | Common trust funds |
| PSI1.1.20-21 | Free-standing AVCs |
| PSI1.1.22 | Simplified defined contribution schemes |
Section 2 - Non-Approvable
Benefits
| PSI1.2.1 | -Non-approvable benefits general |
| PSI1.2.2-4 | - relationship with approved schemes |
| PSI1.2.5 | - fringe schemes |
| PSI1.2.6&7 | Schemes for international organisations with headquarters agreements with the UK |
| PSI1.2.8 | Ex-gratia payments |
Section 3 - Exempt Approved
Schemes and Conformity With Trust Law
| PSI1.3.1-3 | General |
| PSI1.3.6(This text has been withheld because of exemptions in the Freedom of Information Act 2000) | Methods of establishing a retirement benefits scheme |
| PSI1.3.9 | Establishing by deed |
| PSI1.3.10&11 | Effective date of deed |
| PSI1.3.12-16 | Stamping of documents |
| PSI1.3.18-19 | Amendment to trust provisions |
| PSI1.3.20-21 | Rule against perpetuities |
| PSI1.3.22 | Oral trusts |
| PSI1.3.23 | - board resolution procedure |
| PSI1.3.24 | - Scottish cases |
| PSI1.3.25 | - resolutions by partnerships |
| PSI1.3.28 | Interim deeds |
| PSI1.3.29 | - period for execution of definitive deed |
| PSI1.3.30 | - validity of interim deed procedure |
| PSI1.3.31 | - information to employees |
| PSI1.3.32 | - common trust fund or earmarked scheme |
| PSI1.3.33 | - discretionary schemes |
| PSI1.3.34to38 | : director members |
| PSI1.3.39-40 | - Trustees appointment |
| PSI1.3.41 | - eligibility for trusteeship |
| PSI1.3.42 | - general powers of trustees |
| PSI1.3.43 | - custodian trustees |
| PSI1.3.44 | - trustees' powers of investment |
| PSI1.3.45 | - types of investment |
| PSI1.3.46 | : investment with employer |
| PSI1.3.47 | : Life Office loanback arrangements |
| PSI1.3.49 | : whole-life and endowment policies |
| PSI1.3.50 | : loans to members |
| PSI1.3.51 | - neglect or failure by trustees |
Section 4 - Schemes Not Set Up
Under Trust But Treated As Exempt Approved
| PSI1.4.1 | General |
| PSI1.4.2 | Direction requested under section 592(1)(b) |
| PSI1.4.3 | Direction requested |
| PSI1.4.4-6 | Direction under section 592(1)(b) not sought |
| PSI1.4.7-10 | Friendly Societies |
