PSI4.2.2 - Tax Relief: Background

(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 15% limit on aggregate employee contributions in any year to all exempt approved schemes did not previously appear in the legislation. This was a discretionary requirement of long standing which also had to be included in scheme rules. In this way, the tax relief available under Schedule E was effectively, but indirectly, limited.

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