PSI5.1.2 – Contributions by Employers: General - Tax Treatment of Contributions - Approved Schemes

(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)

[PN5.12]

Where a scheme is approved but not exempt approved under section 592, ICTA 1988, a deduction for the employer's contributions will be considered by the Inspector of Taxes under the ordinary rules of Schedule D (section 74 ICTA 1988). If the Inspector is satisfied that the contributions are expenses incurred wholly and exclusively for the purposes of the trade they will be allowed; otherwise they will not - (see Section 4 of this Part).

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