Management of a defined benefit pension scheme

This section outlines the Value-Added Tax (VAT) treatment of the management services supplied to defined benefit pension schemes.

The management of special investment funds is generally exempt however, the Court of Justice of the European Union (CJEU) ruled that a defined benefit scheme cannot be regarded as a special investment fund.

Therefore fund managers should charge VAT on services supplied to such schemes.

Further guidance contains more detailed information on the VAT treatment of the management services supplied to defined benefit pension schemes.