EIM15080 - Employer-financed retirement benefits schemes: overseas schemes
Notice: the guidance on this page should be read with the notice at the top of聽EIM15015.
For this purpose, an overseas scheme is one where聽any聽of the income and gains of the scheme's investments are or have been outside the charge to UK tax.
Receipts from EFRBS are charged in full (see聽EIM15010) subject to transitional provisions (see聽EIM15125聽and subsequent guidance).
Under the transitional provisions, the treatment of a lump sum paid after 5 April 2006 from such a scheme which existed as a funded unapproved retirement benefits scheme before 6 April 2006 depends on whether the scheme was both entered into before 1 December 1993 and has not been varied subsequently.
Note聽that where there is a charge, it may be reduced or eliminated by 鈥榝oreign service鈥� relief under Extra-Statutory Concession A10 or section聽395B ITEPA 2003聽(see聽EIM15082听辞苍飞补谤诲蝉).