Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Employment Income Manual

HM Revenue & Customs
, see all updates

Employer-financed retirement benefits schemes: contributions made by employer

[Notice: the guidance on this page should be read with the notice at the top of EIM15015]

Section 386 ITEPA 2003 was repealed with effect from 6 April 2006 by Section 247 FA 2004. Any employer contributions made to an employer-financed retirement benefits scheme on or after that date are not taxable under Section 386. As there is no equivalent provision to that section in the legislation (Part 2 of Chapter 6 ITEPA 2003) applying to employer-financed retirement benefits schemes, there is no employment income tax charge on the employee.