Related Commentary  Related HMRC Manuals

237  No chargeable gain shall accrue to any person on the disposal of a right to, or to any part of–

(a)any allowance, annuity or capital sum payable out of any superannuation fund, or under any superannuation scheme, established solely or mainly for persons employed in a profession, trade, undertaking or employment, and their dependants, or

(b)[Omitted by FA 2006, s. 73(3)(b) and repealed by FA 2006, s. 178 and Sch. 26, Pt. 3(10).]

(c)annual payments which are due under a covenant made by any person and which are not secured on any property.


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