This section has no associated Explanatory Notes
608(1)Amend section 631 (taxable pension income: pre-1973 pensions paid under the Overseas Pensions Act 1973) as follows.U.K.
(2)In subsection (1) for the words “the amount” onwards substitute “ the full amount of the pension income arising in the tax year ”.
(3)For subsection (2) substitute—
“(2)The full amount of the pension income arising in the tax year is to be calculated on the basis that the pension is 90% of its actual amount.
(3)The pension income is treated as relevant foreign income for the purposes of section 838 of that Act (expenses attributable to collection or payment of relevant foreign income).”