(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)
Relatively few of the pension schemes we receive are
established by individuals or partnerships assessable under Case I
or II of Schedule D. But the Schedule D rules for computing profits
for tax purposes and determining allowable deductions from profits
applies both to these employers and to companies (see
PSI2.1.2).
Amongst the allowable deductions are payments to approved
pension schemes. This whole subject is covered in Part 5.
