(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)
[PN17.37]
Section 600 ICTA 1988 acts as a control to deter unauthorised
payments (other than a pension) by approved schemes (whether or not
exempt approved) and enables a Schedule E charge to be imposed on
an employee member and/or an ex-spouse member who receives such a
payment. The payment is assessed to tax under Schedule E in the
year of assessment in which it is made.
The reason why section 600 does not apply to payments made in
pension form, is because such payments are taxable anyway under
Schedule E - see PSI17.2.1.
