About Pension Savings Tax Charges
What are UK Tax-Relieved Funds?
UK tax-relieved funds relates to funds in an overseas pension scheme made up of the following that was exempt from UK tax:
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personal contributions
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employer contributions relating to retirement and death benefits
What are UK Transferred Funds?
UK transferred funds are funds in an overseas pension scheme that was transferred directly or indirectly to the scheme from one of following:
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UK registered pension scheme
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UK tax-relieved funds
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UK transferred fund in another overseas pension scheme