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HMRC internal manual

Business Income Manual

HM Revenue & Customs
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Specific deductions: pension schemes: S615 schemes

S393A Income Tax (Earnings and Pensions) Act 2003

A pension fund to which S615(3) Income and Corporation Taxes Act 1988 applies is not an employer-financed retirement benefits scheme.

These pension funds are funds set up in the UK for overseas employees, see TSEM5360-5380 for more detail. If you need advice on cases where it is claimed that the fund is one to which S615 applies please refer the case to Specialist PT (Pension Scheme Services - Technical), at Fitz Roy House, Castle Meadow Road, Nottingham, NG2 1BG.

There are no special rules for the timing of relief for contributions to such a pension fund. The timing of relief follows the general accountancy principles explained at BIM31080 onwards.