C2C1Part 9Pension income

Annotations:
Modifications etc. (not altering text)
C2

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

C1

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 18Exemptions: Non-UK resident taxpayers

650Oversea Superannuation Scheme

1

No liability to income tax arises on a pension which is paid under the Oversea Superannuation Scheme (formerly known as the Colonial Superannuation Scheme) if the foreign residence condition is met.

2

For the purposes of subsection (1) a pension is paid under the Oversea Superannuation Scheme if—

a

the pension is paid under the Scheme as it has effect (by reason of section 2(4A) of OPA 1973) as a scheme under section 2 of OPA 1973, or

b

the pension is paid under a scheme which—

i

the Secretary of State has made under section 2(1) of OPA 1973, and

ii

corresponds to the Oversea Superannuation Scheme.