PSI2.3.4 - Taxation Background: Chapter I Part XIV ICTA 88 - Effect On PSO

(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)

The "continuity" provision in paragraph 21 of Schedule 30 of ICTA 1988 ensures that schemes and arrangements already approved under Chapter II Part II FA 1970 will remain approved under the corresponding Part of ICTA 1988 for years of assessment 1988/89 et seq. On and after 6 April 1988 all approvals are given under Chapter I Part XIV ICTA 1988.