C1C2Part 9Pension income
Annotations:
Modifications etc. (not altering text)
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.
Pt. 9: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)