2.2 Background Legislation
-
To obtain tax benefits, occupational schemes must seek
exempt approval by the Inland Revenue Savings Pension and Share
Scheme department (IR SPSS), To gain such approval must provide benefits within
a framework of permitted benefits.
-
Before describing the maximum benefits regime it is useful to consider
related legislation. It should be noted, however, that many of the
developments described below have limited effect on defined contribution
schemes
|