Taxes Consolidation Act, 1997
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Meaning of “retirement benefits scheme”. [FA72 s14] |
771.—(1) In this Chapter, “retirement benefits scheme” means, subject to this section, a scheme for the provision of benefits consisting of or including relevant benefits, but does not include any scheme under the Social Welfare (Consolidation) Act, 1993 , providing such benefits. | |
(2) References in this Chapter to a scheme include references to a deed, agreement, series of agreements or other arrangements providing for relevant benefits, notwithstanding that it relates or they relate only to— | ||
(a) a small number of employees or to a single employee, or | ||
(b) the payment of a pension starting immediately on the making of the arrangements. | ||
(3) The Revenue Commissioners may if they think fit treat a retirement benefits scheme relating to employees of 2 or more different classes or descriptions as being for the purposes of this Chapter 2 or more separate retirement benefits schemes relating respectively to such one or more of those classes or descriptions of those employees as the Revenue Commissioners think fit. | ||
(4) For the purposes of this Chapter— | ||
(a) employees may be regarded as belonging to different classes or descriptions if they are employed by different employers, and | ||
(b) a particular class or description of employee may consist of a single employee or any number of employees. |