Member pension contributions to registered pension schemes

Produced by Tolley in association with

Employment Tax

Guidance

Introduction

For many years, the UK has operated a system which encourages private pension provision through a system of tax reliefs.

The operation of the taxation system associated with pensions was radically reformed in Finance Act 2004 which effectively disposed of a complex system that had developed since the last occasion of radical reform in 1970. This new basis was introduced with effect from 6 April 2006 as a consequence of the provisions contained in Finance Act 2004.

The registered pension scheme rules will specify who can join it. There are no HMRC restrictions

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