PSIPart1 - Establishment and Administration of Retirement Benefits 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)
Contents
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 |
