PSI15.1.7 - Overseas Employers and Overseas Employees: Overseas Employers with UK Based Employees - Foreign Schemes Section Advice - Split Approval under Section 611(3) ICTA 88

(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)

[PN15.3]

The overseas employer may decide that it does not want scheme membership to be restricted in this way, in which case the scheme may be given "split approval" under the power set out in section 611(3) ICTA 1988. Foreign Schemes Section will provide a draft for a "split approval" letter, and outline any specific action required in respect of scheme assets.

Foreign Schemes Section will advise the General Section Examiner when to issue forms PS261 and 262, and will examine any rule which purports to satisfy the membership criterion.

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