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E1.520 Introduction to exempt income

For the latest New Developments, see ND.2462.

Certain types of income are specifically exempted from tax by the legislation. For miscellaneous income which is taxable, see E1.501.

ITTOIA 2005, Pt VI¹, provides exemptions in respect of²

1. Ìý

   •ÌýÌýÌýÌý national savings income (see E1.522), ITTOIA 2005, Pt VI, Ch 2, ss 691–693

2. Ìý

   •ÌýÌýÌýÌý income from individual investment plans (see E1.524), ITTOIA 2005, Pt VI, Ch 3, ss 694–701

3. Ìý

   •ÌýÌýÌýÌý Schedule 3 save as you earn (SAYE) scheme interest (see E1.531), ITTOIA 2005, Pt VI, Ch 4, ss 702–708

4. Ìý

   •ÌýÌýÌýÌý venture capital trust dividends (see E1.535), ITTOIA 2005, Pt VI, Ch 5, ss 709–712

5. Ìý

   •ÌýÌýÌýÌý income from free of tax to residents abroad (FOTRA) securities (see E1.539), ITTOIA 2005, Pt VI, Ch 6, ss 713–716

6. Ìý

   •ÌýÌýÌýÌý purchased life annuity payments (see E1.543), including immediate needs annuities in respect of ill health (see E1.550), ITTOIA 2005, Pt VI, Ch 7, ss 717–726

7. Ìý

   •ÌýÌýÌýÌý other annual payments, such as those