631Taxable pension incomeU.K.
(1)If section 629 applies, the taxable pension income for a tax year is [F1the full amount of the pension income arising in the tax year] .
[F2(2)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).]
Textual Amendments
F1Words in s. 631(1) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 608(2) (with Sch. 2)
F2S. 631(2)(3) substituted for s. 631(2) (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 608(3) (with Sch. 2)