EIM15406 - Non-approved schemes: definition of 'scheme'

Section 612 (2) ICTA 1988 and Statement of Practice 13/1991

There must be a 바카라 사이트˜scheme바카라 사이트™ for a charge to arise under the non-approved retirement benefits scheme legislation.

The definition of a scheme states that it 바카라 사이트˜includes a deed, agreement, series of agreements or other arrangements바카라 사이트™ providing for relevant benefits (see EIM15403 for the definition of relevant benefits). The definition therefore has a wide scope.

Statement of Practice 13/91 explains that, in HMRC바카라 사이트™s view, the term 바카라 사이트˜arrangement바카라 사이트™ in this context goes wider than any prior formal or informal understanding between the employee and the employer. It also includes any system, plan, pattern or policy connected with the payment of a 바카라 사이트˜relevant benefit바카라 사이트™ (see EIM15403). A scheme may be quite informal and includes, for example:

  • a decision at an employer바카라 사이트™s meeting
  • a decision by an employee with delegated authority or in accordance with a policy
  • a situation where it has been common practice for an employer to make a payment to a particular class of employees

Although this Statement has been withdrawn with effect from 6 April 2006 following the introduction of the simplified pensions tax regime for registered pension schemes, this does not affect HMRC바카라 사이트™s interpretation of 바카라 사이트˜scheme바카라 사이트™ as explained in the guidance.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)