Part 9Pension income
Chapter 18Exemptions: Non-UK resident taxpayers
651Overseas Pensions Act 1973
1
No liability to income tax arises on a pension which is paid under section 1 of OPA 1973 if the foreign residence condition is met.
2
Subsection (1) applies whether or not the pension is paid out of a fund established under a scheme made under section 1 of OPA 1973.
3
But subsection (1) does not apply to any part of a pension paid because the Pensions (Increase) Acts apply to it.
4
In this section “the Pensions (Increase) Acts” means—
a
the Pensions (Increase) Act 1971 (c. 56), and
b
any Act passed after that Act for purposes which correspond to the purposes of that Act.