A personal pension scheme or retirement benefits scheme that has been approved by the Inland Revenue.
A pension scheme which meets specified criteria and is approved by HM Revenue & Customs qualifies for special tax reliefs. Most pension schemes are approved schemes.
A retirement benefits scheme which is approved by the Inland Revenue under Chapter I, including an FSAVC scheme. The term may also be used to describe a personal pension scheme or occupational pension scheme approved under Chapter IV. See also exempt approved scheme.
A pension scheme that is approved by the Inland Revenue under the relevant legislation. Members and their employers are able to obtain certain tax advantages in respect of contributions and/or benefits. (See Exempt Approved Scheme).
To qualify for tax relief an occupational pension scheme must be approved by the Superannuation Funds Office of the Inland Revenue. Full tax relief is available only to schemes which are set up under a trust and meet various conditions; these are called exempt approved schemes.
This is either a personal pension scheme or a free-standing additional voluntary contribution (FSAVC) scheme that has got approval from the Pension Schemes Office (PSO) . The term approved scheme is not used for occupational pension schemes , even though they can get approval from the PSO.
An occupational pension scheme which is approved by the Revenue Commissioners under Chapter II Part I of the Finance Act 1972. See also Exempt Approved Scheme.
