Section 650 — Income Tax (Earnings and Pensions) Act 2003: Oversea Superannuation Scheme

Oversea Superannuation Scheme 650 1 No liability to income tax arises on a pension which is paid under the Oversea Superannuation Scheme (formerly known as the Colonial Superannuation Scheme) if the foreign residence condition is met.

2 For the purposes of subsection (1) a pension is paid under the Oversea Superannuation Scheme if—

a the pension is paid under the Scheme as it has effect (by reason of section 2(4A) of OPA 1973) as a scheme under section 2 of OPA 1973, or b the pension is paid under a scheme which—

i the Secretary of State has made under section 2(1) of OPA 1973, and ii corresponds to the Oversea Superannuation Scheme.