Sums paid by an employer into certain approved occupational pension schemes (‘approved retirement benefits schemes’) were deductible in computing the employer’s business profits (see below). However, it appears that there was no express statutory provision giving similar relief to employers’ contributions to approved personal pension schemes entered into by employees: general principles accordingly applied. All the rules in this area changed completely from 6 April 2006.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.