3 Pensions advice
Finance (No 2) Act 2017 (2017 c 32) | Legislation

3  Pensions advice

(1)     In Chapter 9 of Part 4 of ITEPA 2003, after section 308B insert—

“308C Provision of pensions advice: limited exemption

(1)     No liability to income tax arises in respect of—

(a)     the provision of relevant pensions advice to an employee or former or prospective employee, or

(b)     the payment or reimbursement of costs incurred, by or in respect of an employee or former or prospective employee, in obtaining relevant pensions advice,

if Condition A or B is met.

(2)     But subsection (1) does not apply in relation to a person in a tax year so far as the value of the exemption in the person's case in that year exceeds £500.

(3)     The “value of the exemption”, in relation to a person and a tax year, is the amount exempted

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