The Personal Pension Schemes (Concurrent Membership) Order 2000
Section 632B of the Income and Corporation Taxes Act 1988 (“section 632B” and “the Taxes Act”) makes provision to allow a member of both a personal pension scheme and an approved retirement benefits scheme mentioned in section 645(3)(c) of the Taxes Act to make contributions to both schemes, in circumstances where the member’s earnings for the whole of a year of assessment are entirely from pensionable employment (earnings from pensionable employment is defined in section 645 of the Taxes Act). A member of both an approved retirement benefits scheme and a personal pension scheme who has a separate source of non-pensionable earnings, or who received earnings from pensionable employment for only part of a year of assessment, would be eligible to make contributions to a personal pension scheme under section 632A of the Taxes Act (and in these circumstances, section 632B does not apply).