Regulation 10 Amendment of Schedule 5

Schedule 5 (information about benefits of directors) is amended as follows.

For paragraph 13(1) substitute—

“13.

(1)

In this Schedule—

• “pension scheme” means a retirement benefits scheme within the meaning given by section 150(1) of the Finance Act 2004^f1 which is—

  1. (a)

     one in which the company participates, or

  2. (b)

     one to which the company paid a contribution during the financial year; and

• “retirement benefits” means relevant benefits within the meaning given by section 393B of the Income Tax (Earnings and Pensions) Act 2003^f2 read as if subsection (2) were omitted.”