Disguised remuneration legislation: impact on pension schemes

This note considers the impact on UK pension arrangements of Part 7A of the Income Tax (Earnings and Pensions) Act 2003, which was introduced by the Finance Act 2011 with effect from 6 April 2011. The legislation targets so-called "disguised remuneration" arrangements set up for the purposes of  avoiding, deferring or reducing liabilities to income tax and National Insurance contributions or avoiding restrictions on pensions tax relief. The note looks at the effect on employer-financed retirement benefit schemes and considers the scope of the various statutory exclusions.

Mark Solomon, Baker & McKenzie LLP


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