Income Tax (Earnings and Pensions) Act 2003

566Nature of charge to tax on pension income and relevant definitions

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(1)The charge to tax on pension income under this Part is a charge to tax on that income excluding any exempt income.

(2)“Pension income” means the pensions, annuities and income of other types to which the provisions listed in subsection (4) apply.

This definition applies for the purposes of the Tax Acts.

(3)“Exempt income” means pension income on which no liability to income tax arises as a result of any provision of Chapters 16 to 18 of this Part.

This definition applies for the purposes of this Part.

(4)These are the provisions referred to in subsection (2)—

ProvisionIncomeChapter (of this Part)
Section 569United Kingdom pensionsChapter 3
Section 573Foreign pensionsChapter 4
Section 577United Kingdom social security pensionsChapter 5
Section 580Pensions or annuities from approved retirement benefits schemesChapter 6
Section 583

Unauthorised payments from—

(a)

approved retirement benefits schemes, or

(b)

former approved superannuation funds (see section 593)

Chapter 6
Section 590Annuities paid under former approved superannuation fundsChapter 7
Section 595Annuities from approved personal pension schemesChapter 8
Section 598Income withdrawals under approved personal pension arrangementsChapter 8
Section 601Unauthorised personal pension paymentsChapter 8
Section 605Annuities under retirement annuity contractsChapter 9
Section 609Annuities for the benefit of dependantsChapter 10
Section 610Annuities under sponsored superannuation schemesChapter 10
Section 611Annuities in recognition of another’s servicesChapter 10
Section 615Certain overseas government pensions paid in the United KingdomChapter 11
Section 619The House of Commons Members' FundChapter 12
Section 623Return of surplus employee additional voluntary contributionsChapter 13
Section 629Pre-1973 pensions paid under OPA 1973Chapter 14
Section 633Voluntary annual paymentsChapter 15