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Section 308A Exemption of contributions to overseas pension schemeF1

United Kingdom

(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).

Annotations

Textual amendments

F1

S. 308A inserted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 33 para. 3 (with Sch. 36)

Notes on Part 4

Modifications

C1

Pt. 4 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 26(3)