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

640Exemption under section 639 where income withheld

1

This section applies if—

a

an individual is entitled to both of the following—

i

a pension or allowance mentioned in section 639 (“pension A”), and

ii

any other pension or allowance (“pension B”), and

b

the whole or a part of pension A is withheld because of the individual’s entitlement to pension B.

2

In such a case, an amount of pension B equal to the withheld amount of pension A is treated for the purposes of section 639 as part of pension A.