The Employment Income Provided Through Third Parties (Excluded Relevant Steps) Regulations, SI 2011/2696, prevent members of certain foreign pension schemes from being liable to tax on amounts counting as employment income ITEPA 2003 Part 7A when the member’s employer provides rewards, recognition or loans under the scheme in connection with the member’s employment.
The regulations apply to the extent that the member’s rights under the pension scheme are derived or arise from UK tax reliefs or exemptions in respect of provision made by the member’s employer.
The Employment Income Provided Through Third Parties (Excluded Relevant Steps) Regulations, SI 2011/2696, prevent members of certain foreign pension schemes from being liable to tax on amounts counting as employment income ITEPA 2003 Part 7A when the member’s employer provides rewards, recognition or loans under the scheme in connection with the member’s employment.
The regulations apply to the extent that the member’s rights under the pension scheme are derived or arise from UK tax reliefs or exemptions in respect of provision made by the member’s employer.
