(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)
Secondly, Finance Act 1989 introduced the permitted maximum
(see Introduction 4.15b) upon remuneration for employee
contribution purposes to all exempt approved schemes - section
592(8B). Thus for employees other than those with continued rights
(see
PSI2.3.23), tax relief on
their contributions is restricted to 15% of the permitted maximum
in relation to all employments being pensioned whether under one or
more schemes and irrespective of whether the employees are
associated or unassociated.
