Commentary on Sections Overview Overview Section 44: Interpretation of sections 38 to 44
194.This section is based on paragraphs 3 and 9 of Schedule 24 to FA 2003 and section 245(7) of FA 2004.
195.An “employer-financed retirement benefits scheme” means:
“a scheme for the provision of benefits consisting of or including relevant benefits to or in respect of employees or former employees of the employerBut neithera registered pension scheme, nora section 615(3) [of ICTA] scheme,is an employer-financed retirement benefits scheme.”