Under IHTA84/S12 (2)(a) and without prejudice to IHTA84/S12 (1), a disposition (IHTM04023) is not a transfer of value (IHTM04024) if it is a contribution to an approved retirement benefits scheme (IHTM17000) under ICTA88/PARTX1V/CHAPTER1 (occupational pension schemes) and provides benefit in respect of service as an employee (as defined in that Chapter) of that person (IHTM04052).

Such contributions are likely to be deductible for income tax purposes (IHTM04192) anyway and so fall under IHTA84/S12 (1). This provision will apply where retirement benefits are provided under an approved scheme for domestic and other employees, the contributions for whom are not deductible for any tax purpose.

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