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Section 615 pension schemes are UK-based retirement benefits schemes established under UK trust law for the purpose of providing benefits for employees of UK based companies who are based overseas. Each scheme is established under its own trust similar to the process for a traditional occupational pension plan. Strictly speaking Section 615 pension schemes are not ‘pension schemes’; although providers will often submit each individual scheme to the Overseas Scheme Section of the Pension Scheme’s Office, granting the scheme full pension scheme status. To qualify for membership, the ...