PSI5.3.2 - Contributions by Employers - Special Contributions - Definition

(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 592(4) ICTA 1988 gives an automatic right to a deduction for all contributions to an exempt approved scheme. But we must ensure that such contributions are compatible with our requirements for approval. This means that:-

1. the purpose for which they are paid is satisfactory from our viewpoint, and
2. their amount is no more than is justified by the scheme's needs.

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