Income Tax (Earnings and Pensions) Act 2003 (c. 1)

Part 9 U.K. Pension income

Chapter 8 U.K. Approved personal pension schemes

Annuities U.K.

595 Annuities U.K.

This section applies to any annuity acquired using funds held for the purposes of an approved personal pension scheme.

596 Taxable pension income U.K.

If section 595 applies, the taxable pension income for a tax year is the full amount of the annuity received in that year.

597 Person liable for tax U.K.

If section 595 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the annuity.