(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)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
Where employees are paid part of their remuneration through
discretionary trusts or unit trusts and such payments are taxed
under Schedule E, they are not regarded as falling within the
exclusions set out in the section 612 ICTA 1988 definition of
remuneration and so may be treated as part of remuneration for the
purposes of the 15% limit on contributions and tax relief.
