SE15064 - Non-approved retirement benefits schemes: overseas schemes: Extra Statutory Concession A10: superannuation funds

Section 615(6) ICTA 1988

There can be funds that are not strictly 'overseas' retirement benefits schemes because they are administered within the UK. However, they may have as their principal purpose the provision of benefits for employees whose service in employment is carried out wholly or mainly overseas.

The responsibility for such schemes lies with IR SPSS (Nottingham), who will rule on whether or not Section 615(6) ICTA 1988applies.

If a scheme is clearly within Section 615(6) ICTA 1988on the basis of a ruling already given by IR SPSS (Nottingham), and a claim for concessional treatment under Extra Statutory Concession A10 is received, then further reference to IR SPSS (Nottingham) is not required. The Schedule E treatment of any lump sum received should follow that outlined above in SE15063 (penultimate paragraph).