Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 33 U.K. Overseas pension schemes: migrant member relief

Relief for employers' contributions U.K.

3 U.K. In ITEPA 2003, after section 308 insert—

“308A Exemption 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).”

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