[554T Exclusions: employee pension contributions]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554T  Exclusions: employee pension contributions]

[(1)     Chapter 2 does not apply by reason of a relevant step within section 554B if the sum of money or asset which is the subject of the step arises or derives (whether wholly or partly or directly or indirectly) from an excluded pension contribution paid by A on or after 6 April 2011.

(2)     If the sum of money or asset arises or derives from the excluded pension contribution only partly, the relevant step is to be treated for the purposes of this Part as being two separate relevant steps—

(a)     one in relation to the sum of money or asset so far as it arises or derives from the excluded pension contribution, and

(b)     one in

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