C1C2Part 9Pension income

Annotations:
Modifications etc. (not altering text)
C1

Pt. 9: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

C2

Pt. 9 excluded by 2004 c. 12, Sch. 36 para. 45A(1) (as inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 19)

Chapter 14Pre-1973 pensions paid under the Overseas Pensions Act 1973

631Taxable pension income

1

If section 629 applies, the taxable pension income for a tax year is F2the full amount of the pension income arising in the tax year .

F12

The full amount of the pension income arising in the tax year is to be calculated on the basis that the pension is 90% of its actual amount.

3

The pension income is treated as relevant foreign income for the purposes of section 838 of that Act (expenses attributable to collection or payment of relevant foreign income).