PART XIV PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.

C1CHAPTER IV PERSONAL PENSION SCHEMES

Annotations:
Modifications etc. (not altering text)

Tax reliefs

643 Employer’s contributions and personal pension income etc.

1

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

M1Income derived by a person from investments or deposits held by him for the purposes of an approved personal pension scheme shall be exempt from income tax.

3

M2An annuity payable under approved personal pension arrangements shall be treated as earned income of the annuitant.

4

Subsection (3) above applies only in relation to the annuitant to whom the annuity is made payable by the terms of the arrangements.

F15

Income withdrawals under approved personal pension arrangements F3. . . shall be treated as earned income of the recipient.