Income Tax (Earnings and Pensions) Act 2003 section 628

Interpretation

Section 628 provides key definitions of terms used throughout the pension-related provisions of Part 9 of the Act.

• An "employee" includes any person holding an office, and a "director" is treated as an employee of the company whose board they serve on.
• An "exempt approved scheme" is an approved pension scheme established under irrevocable trusts, or one to which HMRC has directed the exemption should apply due to special circumstances.
• A "relevant statutory scheme" is a statutory pension scheme established before 14 March 1989, one established on or after that date and entered in HMRC's register, or a parliamentary pension scheme.
• The definition of "office" follows the meaning given in section 5(3) of the Act, which covers positions such as directorships and other formal appointments.