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:

CTM08341

Overview
CTM08342

Introduction
CTM08343

Capital expenditure
CTM08344

In respect of the investment business – general
CTM08345

Timing of relief
CTM08346

Purchase of assets
CTM08347

Sale of cessation of business
CTM08348

Sale of subsidiary
CTM08349

Payment by third parties
CTM08350

Payment regulator
CTM08351

Pension protection fund contributions
CTM08352

Multi-employer group schemes – general
CTM08353

Multi-employer group schemes – investment business
CTM08354

Multi-employer group schemes – S75 Pensions Act 1995
CTM08355

Multi-employer group schemes – orphan liabilities

Company Taxation Manual

Corporation Tax: management expenses: pension contributions: contents

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