PSI.Part5 - Contributions by Employers
(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)
Contents
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 |
