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 17Exemptions: any taxpayer

638Awards for bravery

1

No liability to income tax arises on a pension or annuity if it is paid to the holder of an award for bravery in respect of the award.

2

In this section “award for bravery” means—

  • the Victoria Cross,

  • the George Cross,

  • the Albert Medal,

  • the Edward Medal,

  • the Military Cross,

  • the Distinguished Flying Cross,

  • the Distinguished Conduct Medal,

  • the Conspicuous Gallantry Medal,

  • the Distinguished Service Medal,

  • the Military Medal,

  • the Distinguished Flying Medal.