SCHEDULES

SCHEDULE 33Overseas pension schemes: migrant member relief

Relief for employers' contributions

I12

1

Subsections (2) to (5) of section 196 (relief for contributions by employer) apply in relation to relevant migrant member contributions paid by an employer as in relation to contributions paid by an employer under a registered pension scheme in respect of an individual.

2

Section 200 (no other relief for employers in connection with contributions) applies as if the reference to contributions under a registered pension scheme included relevant migrant member contributions.

3

“Relevant migrant member contributions” means contributions paid under a qualifying overseas pension scheme in respect of an individual who is a relevant migrant member of the pension scheme in relation to the contributions.

Annotations:
Commencement Information
I1

Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284

I23

In ITEPA 2003, after section 308 insert—

308AExemption of contributions to overseas pension scheme

1

No liability to income tax arises in respect of earnings where an employer makes contributions under a qualifying overseas pension scheme in respect of an employee who is a relevant migrant member of the pension scheme.

2

In subsection (1)—

  • “qualifying overseas pension scheme”, and

  • “relevant migrant member”,

  • have the same meaning as in Schedule 33 to FA 2004 (overseas pension schemes: migrant member relief).