What are UK Tax-Relieved Funds?
UK tax-relieved funds relates to funds in an overseas pension scheme made up of the following that was exempt from UK tax:
employer contributions relating to retirement and death benefits
What are UK Transferred Funds?
UK transferred funds are funds in an overseas pension scheme that was transferred directly or indirectly to the scheme from one of following:
UK registered pension scheme
UK tax-relieved funds
UK transferred fund in another overseas pension scheme