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Glossary > U > "Unapproved Scheme" Definition

Unapproved Scheme

An occupational pension scheme that is not approved by the Inland Revenue and which cannot benefit from the same favourable tax treatment as an approved scheme.

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Unapproved Scheme - An occupational pension scheme that is not approved by the Inland Revenue and which cannot benefit from the same favourable tax treatment as an approved scheme.

Unapproved Scheme : an occupational pension scheme that is not approved by the inland revenue and which cannot benefit from the same favourable tax treatment as an approved scheme.