A7.223 Pensions

The pensions hallmark applied between 1 September 20091 and 3 November 20132. Its aim was to require disclosure of any schemes that sought to avoid or reduce the restriction of pension relief (via the special annual allowance charge (SAAC))3 (which ceased to have effect from 6 April 2011). Arrangements were prescribed where:

  1.  

    •     they involved the accrual (or expected accrual) of benefits in a pension scheme4, and

  2.  

    •     the main benefit of those arrangements was that a person:

    1.  

      –     should not be subject to the SAAC (under FA 2009, Sch 35), or

    2.  

      –     incurred the SAAC, but at

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