SCHEDULE 5
Occupational Pension Schemes
PART I Approved Schemes : Conditions as Respects Benefits
Employee's benefits
1.The benefits payable to the employee must consist only of...
Overall limit on employee's benefits
2.(1) The aggregate value of the relevant benefits payable to...
Limit on employee's lump sum benefits
3.The aggregate value of the relevant benefits payable to an...
Death after retirement: widow's pension
4.The annual amount of any pension payable to the widow...
Death after retirement: other provisions
5.(1) Subject to the following provisions of this paragraph, and...
Death before retirement
6.The aggregate value of benefits payable where the employee dies...
Pensions
7.Pensions must not be capable of being assigned or, subject...
Meaning of " final remuneration "
8.In this Part of this Schedule " final remuneration "...
PART II
Charge of pensions under Schedule E
1.(1) Subject to sub-paragraph (2) below, all pensions paid under...
Charge to tax on repayment of employee's contributions
2.(1) Where by way of repayment of, or of interest...
Charge to tax: commutation of entire pension in special circumstances
3.(1) Where— (a) an approved scheme, or
Charge to tax: repayments to employer
4.(1) Where any payment is made or becomes due to...
Charge to tax: unauthorised payments and payments after cessation of tax exemptions
5.(1) Where a payment is made to or for the...
Application for approval of a scheme
6.An application for the approval for the purposes of the...
Information about payments under approved schemes
7.In the case of every approved scheme, the administrator of...
Information about schemes, other than approved or statutory schemes
8.(1) This paragraph has effect as respects a retirement benefits...
Responsibility of administrator of a scheme
9.(1) If the administrator of a retirement benefits scheme defaults...
Regulations
10.The Board may by statutory instrument, subject to annulment in...
PART III Consequential Amendments
Tax treatment of life assurance business
11.(1) In section 323(4) of the Taxes Act (definition of...
Other amendments of Taxes Act
12.(1) In section 188(1) of the Taxes Act (exemptions and...
Amendment of Taxes Management Act 1970
13.In section 98 of the Management Act (penalties) in column...
Estate duty
14.In paragraph 10(c) of Part II of Schedule 17 to...