If a scheme is accepted by the Board as satisfying the conditions of ICTA88/S615 (6) then:

(1)under ICTA88/S614 (5), the income of certain superannuation and provident funds set up for the benefit of overseas employees is exempt to the same extent as if it were the income of a person not domiciled, ordinarily resident or resident in the United Kingdom


(1)under ICTA88/S615 (3), annuities payable from such funds to persons not resident in the United Kingdom are to be paid without deduction of Income Tax


(1)under TCGA92/S271(1)(c), such funds are exempt from Capital Gains Tax


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