408Exception for contributions to tax-exempt pension schemes
This section has no associated Explanatory Notes
(1)This Chapter does not apply to a contribution to a tax-exempt pension scheme or approved personal pension arrangements if the contribution is made—
(a)as part of an arrangement relating to the termination of a person’s employment, and
(b)in order to provide benefits for the person in accordance with the terms of the scheme or approved personal pension arrangements.
(2)For this purpose—
“tax-exempt pension scheme” has the same meaning as in section 407(2), and
“approved” and “personal pension arrangements” have the meaning given by section 630(1) of ICTA.