Section 631 — Income Tax (Earnings and Pensions) Act 2003: Taxable pension income

Taxable pension income 631 1 If section 629 applies, the taxable pension income for a tax year is the full amount of the pension income arising in the tax year .

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).