(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)
Section 1 – General
Section 2 - Ordinary Annual Contributions
Section 3 - Special Contributions
Section 4 - Approved Schemes: Tax Treatment
Section 5 - Cessation of Trading
Section 1 – General
| PSI5.1.1 | General |
| PSI5.1.2 | Tax treatment of contributions approved schemes |
| PSI5.1.3 | - exempt approved schemes |
| PSI5.1.5 | (This text has been withheld because of exemptions in the Freedom of Information Act 2000) |
| PSI5.1.7 | Scheme rules |
| PSI5.1.8 | Contributions only for own employees |
| PSI5.1.9-10 | Cross-subsidisation |
| PSI5.1.14 | Contributions must relate to the scheme's needs |
| PSI5.1.15 | Pension sharing on divorce Members with pension debits |
| PSI5.1.16 | Pension credit benefits |
| PSI5.1.17-20 | Adequacy of contributions employer's main scheme |
| PSI5.1.21-22 | - supplementary schemes excluding FSAVCSs |
| PSI5.1.23 | - benefits funded solely through employees' contributions |
| PSI5.1.24 | - contributions related to salary sacrifices |
| PSI5.1.27 | Duration of contributions |
| PSI5.1.28 | "Waiver of premiums" insurance |
| PSI5.1.30 | Contributions in specie transfer of shares |
| PSI5.1.31 | - allotment of shares |
| PSI5.1.32 | (This text has been withheld because of exemptions in the Freedom of Information Act 2000) |
| PSI5.1.33 | - treatment |
| PSI5.1.34 | Donations |
| PSI5.1.35 | Contributions by employers assessed under Schedule E |
| PSI5.1.36-38 | - contributions by employers which are charities |
Section 2 - Ordinary Annual
Contributions| PSI5.2.1 | General |
| PSI5.2.2-5 | Commitment to regular contributions new schemes |
| PSI5.2.9 | - existing schemes |
| PSI5.2.10-11 | - contributions not paid on a consistent basis |
| PSI5.2.12 | - no contributions paid |
| PSI5.2.17 | - small self-administered schemes |
| PSI5.2.20 | Tax treatment in advance of formal approval |
| PSI5.2.21 | Contributions paid prior to the date of approval |
| PSI5.2.22 | (This text has been withheld because of exemptions in the Freedom of Information Act 2000) |
Section 3 - Special
Contributions| PSI5.3.1-2 | Definition |
| PSI5.3.3 | Contributions must not be excessive |
| PSI5.3.4 | Notification of special contributions |
| PSI5.3.5 | Reasons for spreading |
| PSI5.3.6 | Kelsall v Investment Chartwork Limited |
| PSI5.3.7 | Cessation of trading |
| PSI5.3.8 | - companies |
| PSI5.3.9-10 | - other employers |
| PSI5.3.12 | Centralised schemes |
| PSI5.3.15-16 | "Hancock" type annuities provided through an exempt approved scheme |
| PSI5.3.17 | "Hancock" annuity purchased direct from a Life Office |
| PSI5.3.18 | - no ordinary annual contribution |
| PSI5.3.19 | - multiple "Hancocks" |
| PSI5.3.22 | Tax treatmenton approval |
| PSI5.3.23 | - in advance of formal approval |
| PSI5.3.24 | Special contributions paid prior to the date of approval |
| PSI5.3.25 | Special contributions paid on redundancy |
| PSI5.3.27-28 | Allowance of expenses of establishing a scheme |
Section 4 - Approved Schemes: Tax
Treatment
| PSI5.4.1-2 | General |
| PSI5.4.3-6 | Ordinary rules of Schedule D |
Section 5 - Cessation Of
Trading
| PSI5.5.1-2 | General |
| PSI5.5.6-7 | Scheme established shortly before cessation of trading |
| PSI5.5.10-11 | Large contributions paid to an existing scheme when trading ceases |
| PSI5.5.14 | Continuation of schemes |
| PSI5.5.15-17 | - cessation of trade but continuation as an investment company |
