An Inland Revenue approved pension scheme, which is established under an irrevocable trust and hence qualifies for tax advantages relating to contributions, income and capital gains from investments.
An approved scheme which is established under irrevocable trusts, giving rise to the tax relief allowed for in the Finance Acts.
An approved scheme (other than a personal pension scheme) which is established under irrevocable trust (or exceptionally, subject to a formal direction under s592(1)(b) ICTA88) thus giving rise to the tax reliefs specified in ICTA88.
An occupational pension scheme, established by irrevocable trust or statute, which has been approved by the Pension Schemes Office of the Inland Revenue under the Income and Corporation Taxes Act 1988, s592.
means any retirement benefits scheme which is approved under Chapter I part XIV and is either established or held under irrevocable trusts or is the subject of a direction by the Board under section 592(1)(b) of the ICTA 1988.
See Approved scheme.
This is an approved scheme that is not a personal pension scheme , and is set up under a trust that cannot be changed.