Earnings of employees and office holders: retirement benefits schemes from 6th April 2006 - overseas pension schemes: superannuation funds to which section 615 ICTA applies: employer's payments into such funds
Paragraph 11 of Part 6 of Schedule 3 to the Social Security (Contributions)Regulations 2001 (as inserted by regulation 8(7) of the Social Security (Contributions)(Amendment No. 2) Regulations 2006)
Section 615(3) ICTA 1988
NIM02740 explains the meaning of a “section 615” scheme. An employer’spayment to a superannuation fund to which section 615(3) applies is disregarded in thecalculation of earnings for Class 1 NICs purposes.
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