RPSM03101520 - Technical Pages: Protecting
pension rights from tax charges: Valuing pension rights at 5 April
2006: Schemes that are limited by FA 2004
Retirement benefits scheme limit: which schemes are limited by
paragraph 9 Schedule 36 Finance Act 2004?
The limit imposed by Paragraph 9 Schedule 36 Finance Act 2004
applies to pension schemes and contracts listed in paragraph 9(1)
of Schedule 36 Finance Act 2004. These are
- a
retirement benefits scheme approved under Chapter
I Part 14 Income and Corporation Taxes Act (ICTA) 1988;
- a scheme formerly approved under section
208 ICTA 1970;
- a relevant statutory scheme (as defined in
section 611A ICTA 1988) or a scheme treated by HMRC as a relevant
statutory scheme; and
- a deferred annuity contract securing the
rights in relation to one of these types of scheme.
