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Revised view for employer asset-backed pension contributions

printer Mail

HMRC has revised its draft guidance on the legislation in FA 2012 Sch 13, which denies upfront tax relief for employers who pay asset-backed (non-cash) contributions to their registered pension schemes. The guidance now includes section 3 on asset-backed arrangements already in existence at 29 November 2011 and transitional provisions, as well as further explanation of the link to legislation on structured finance arrangements.