EIM15414 - Non-approved schemes: contributions made by employee

Contributions made by an employee to a non-approved retirement benefits scheme:

• are not assessable on the employee
• do not qualify for tax relief. The only exception to this is in relation to a scheme that has received corresponding approval status from Pensions Schemes Services (PSS), see EIM32661.
• do not give rise to a charge under Section 394 ITEPA 2003 (other than as a pension under Part 9 ITEPA 2003 see EIM15420).

It is the taxpayer’s responsibility to show that contributions qualify.