PSI3.3.11 - Membership of Schemes: Directors - Controlling Directors of Investment Companies - Holding Companies

(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)

As an exception to the approach in PSI3.3.8-10 we do not object to schemes for directors of holding companies which are part of a group of trading companies. Such a company is often the parent of a number of trading subsidiaries or co-ordinates the group's activities. This underlying trading activity distinguishes them from companies whose income comes from investment in stocks and shares or property. An approvable scheme for controlling directors, or for family employees, of such a holding company can be set up in the normal way (see PSI22.3.19).

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