PSI4.2.4 - Tax Relief: Remuneration

(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)

Remuneration is defined in section 612 ICTA 1988 to exclude income which arises from the acquisition or disposal of shares or an interest in shares or from a right to acquire shares; or anything in respect of which tax is chargeable by virtue of section 148 ICTA 88. In general, this means the exclusion of income from share option gains or from "golden handshakes" and corresponds with remuneration for benefit purposes ( PSI6.4.1-6).

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