DEFINITION
Approved Scheme

"Approved scheme": UK Pensions and tax. 1. A retirement benefit scheme approved by Her Majesty's Revenue & Customs (HMRC) in the UK, and thus qualifying for certain advantageous tax treatments.2. One of a number of employee share schemes approved by HMRC, similarly qualifying for preferential tax treatment.
Loading conversations.
Similar or Related Terms
Statistics
260
Characters
46
Words
47.49
Flesch Reading Ease
10.4
Flesch Kincaid Grade