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Glossary > A > "Approved Scheme" Definition

Approved Scheme

A pension scheme that is approved by the Inland Revenue under the relevant legislation. Members and their employers are able to obtain certain tax advantages in respect of contributions and/or benefits. (See Exempt Approved Scheme).

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Approved Scheme - A pension scheme that is approved by the Inland Revenue under the relevant legislation. Members and their employers are able to obtain certain tax advantages in respect of contributions and/or benefits. (See Exempt Approved Scheme).

Approved Scheme : a pension scheme that is approved by the inland revenue under the relevant legislation. members and their employers are able to obtain certain tax advantages in respect of contributions and/or benefits. (see exempt approved scheme).