Commentary

I5.633 Qualifying conditions for pension schemes—overview

IHT, trusts and estates

I5.633 Qualifying conditions for pension schemes—overview

IHT and pension schemes

I5.633 Qualifying conditions for pension schemes—overview

A registered pension scheme is a pension scheme which is registered under the provisions of FA 2004, ss 149–152 (Pt 4, Ch 1)1.

A pension scheme is defined for IHT purposes as a scheme (or other arrangements) comprised in one or more instruments, having (or capable of having) effect so as to provide benefits to persons on retirement, on death, at a particular age, at the onset of serious ill-health or incapacity, or in similar circumstances2.

Certain pension schemes already in existence on 6 April 2006 were treated as

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