CTM08340 - Corporation Tax: management expenses: pension contributions: contents

Companies make contributions to various different types of pension scheme.

Most pension schemes in the UK are ‘registered ‘, i.e. entitled to a range of statutory tax privileges. Where the contribution is made to a registered scheme, see below, BIM46001+, PTM043000 and FA04/S196.

Where the contribution is made to a pension scheme that is not registered, the treatment depends on whether the scheme has its own fund from which benefits are payable.

If the scheme is funded, see Schedule 24 FA03 and BIM46196. The treatment follows the EBT legislation etc (CTM08390).

If the scheme is unfunded, see FA04/S245. Broadly the employer will get relief for the payments of the pension to the former employee when they are actually paid.

The guidance for contributions to registered pension schemes by companies with investment business is laid out as follows:

  1. CTM08341
    Overview
  2. CTM08342
    Introduction
  3. CTM08343
    Capital expenditure
  4. CTM08344
    In respect of the investment business – general
  5. CTM08345
    Timing of relief
  6. CTM08346
    Purchase of assets
  7. CTM08347
    Sale of cessation of business
  8. CTM08348
    Sale of subsidiary
  9. CTM08349
    Payment by third parties
  10. CTM08350
    Payment regulator
  11. CTM08351
    Pension protection fund contributions
  12. CTM08352
    Multi-employer group schemes – general
  13. CTM08353
    Multi-employer group schemes – investment business
  14. CTM08354
    Multi-employer group schemes – S75 Pensions Act 1995
  15. CTM08355
    Multi-employer group schemes – orphan liabilities