(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)
[PN3.4]
People assessed to income tax under Schedule D are not
normally employees (but see
PSI3.2.4). Cases I and II of Schedule D
deal with profits from trades and professions (see
PSI2.1.5-7) and not income
from employments. Because they are not employees such people cannot
be members of a scheme approved under Chapter 1 Part XIV ICTA 88.
If they want to provide for their retirement with the advantage of
tax reliefs they may do so by taking out personal pensions.
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
