Use the link below to register a new pension scheme for tax relief and exemptions

Pension Schemes that meet certain conditions can be registered with HM Revenue & Customs and can claim tax reliefs and exemptions. The tax reliefs that are granted to registered pension schemes are:-

• On contributions by members and payments made on behalf of members (except employer payments) up to the higher of 3,600 or 100% of earnings.
• Increase in pension benefits promise in a defined benefit arrangement, within annual allowance
• Employer contributions
• Investment income - free from income tax
• Investment gains - free of capital gains tax
• Lump sum benefits, in specified circumstances, are paid free of income tax
• Pension business - such of a company's life assurance business as is referable to contracts entered into for the purposes of a registered pension scheme, or is the re-insurance of such business.

For further guidance on the conditions select the Registered Pensions Schemes Manual link in the left hand bar and refer to RPSM02102000.