Chapter I pension schemes

Occupational schemes approved under ICTA 1988, Chapter I, part XIV. They include: individual arrangements; Hancock annuities; ex-gratia benefits, i.e. lump sum payments when an employee is not already a member of an occupational or personal pension scheme in respect of the employment giving rise to the payment; earmarked schemes; self-invested personal pension schemes; small self-administered schemes; self-managed funds; simplified defined contribution schemes; unfunded schemes; FSAVCs; death in service life or group life schemes; statutory schemes, e.g. public sector schemes e.g. schemes for the Civil Service, NHS, Police, Local Government, Teachers, etc.

Chapter IV

ICTA 1988, part XIV, sets out the approval requirements for personal pensions, including stakeholder pensions. Defined contribution occupational schemes can be approved under Chapter IV or Chapter I. Most occupational schemes are approved under Chapter I.

Char

Carbonaceous matter formed by incomplete combustion of organic material such as wood. To change into charcoal or carbon by pyrolysis. To burn or scorch.