(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)
Fsavcss became available with effect from 26 October 1987.
They are occupational pension schemes established and administered
by a third party (who must be an authorised pension provider, see
paragraph 2.1 of the FSAVC Supplement to IR12(2001)) unconnected
with the employee's employer and receive contributions only from
the employee. The attraction of a free- standing arrangement over
an in-house facility is that it may be portable on changing jobs
and the employee can exercise more choice over the investment of
his or her contributions.
