PSI20.6.1 - Funding and Surpluses: Surpluses - General - Introduction

(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)

One of the results of approval is that the employer and members are allowed tax relief on their contributions and the scheme itself is exempted from tax on its investment income. A major objective of our work in PSO is to control and prevent abuse of these reliefs.

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