Section 408 | Exception for contributions to registered pension schemes

(1)This Chapter does not apply to a contribution to a registered pension scheme or an employer-financed retirement benefit scheme if the contribution is made—^F1F2

(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(2)Repealed