Question

what is a registered pension scheme and what are its implications?

Answer 1

Answer:

A registered pension plan is a type of trust that provides pension benefits for an employee of a company upon retirement.

Explanation:

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Answer 2

Answer:

An EFRBS is a scheme that can pay certain retirement or death benefits for employees or former employees called 'relevant benefits'. ... When benefits are taken from an EFRBS, any lump sum is treated as employment income and taxable on the employee primarily under PAYE.

Explanation:

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