PSI5.3.22 - Contributions by Employers: Special Contributions - Tax Treatment - On Approval

(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)

No tax relief is due under section 592 ICTA 1988 in respect of employer's contributions (including special contributions) until the scheme is exempt approved but may then be allowed retrospectively from the date of approval. Any spread of relief on special contributions already paid should therefore be considered at the same time as the scheme is approved (unless the relevant accounting period has not yet expired). The notification of the spread of relief (see PSI22.4.35) can be linked with the notification of approval, as appropriate.

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