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Home / Simons-Taxes /Personal and employment tax /Part E4 Employment income /Division E4.1 Employment and pension income—scope of charge /Pension income / E4.133 Pension income—charge to tax
Commentary

E4.133 Pension income—charge to tax


Personal and employment tax

E4.133 Pension income—charge to tax

The imposition of a tax charge on pension income, authorised deductions and exemptions from the charge are contained in ITEPA 2003, ss 565–654 (Pt 9). This also includes Chapters devoted to each type of pension income. Each Chapter contains provisions setting out the amount of such income chargeable for a tax year (ie the basis of assessment) and the person liable for the tax. For HMRC guidance, see EIM75000 and PTM060000.

Scope of the charge

The scope of the tax charge on pension income is set out in ITEPA 2003, ss 566–568 (Pt 9, Ch 2). 'Pension income' could take the form of a pension, annuity or 'income of other types'—clearly an intentionally wide definition1. The decisive factor is that the income falls within provisions relating to:

  1. Ìý

    •ÌýÌýÌýÌý UK pensions in general (see below)

  2. Ìý

    •ÌýÌýÌýÌý foreign pensions (see below)

  3. Ìý

    •ÌýÌýÌýÌý UK social security pensions2

  4. Ìý

    •ÌýÌýÌýÌý pensions from registered pension schemes3 (see Division E7.2)

  5. Ìý

    •ÌýÌýÌýÌý certain other employment-related annuities (see E4.134B)

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