Sections 554E and 554Z17(2) ITEPA 2003

If a pension arrangement is one of the schemes listed below, no relevant step taken under it will give rise to Part 7A income.

An arrangement the sole purpose of which is the provision of ‘excluded benefits’ see EIM15021.

A pension scheme (within the meaning of Part 4 of FA 2004) set up by a government outside the United Kingdom for the benefit of its employees (or primarily for their benefit) – you will find this definition of ‘pension scheme’ in the Pensions Tax Manual at PTM021000

A registered pension scheme.

An arrangement the sole purpose of which is the making of ‘payments’:

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