Section 651 — Income Tax (Earnings and Pensions) Act 2003: Overseas Pensions Act 1973

Overseas Pensions Act 1973 651 1 No liability to income tax arises on a pension which is paid under section 1 of OPA 1973 if the foreign residence condition is met.

2 Subsection (1) applies whether or not the pension is paid out of a fund established under a scheme made under section 1 of OPA 1973.

3 But subsection (1) does not apply to any part of a pension paid because the Pensions (Increase) Acts apply to it.

4 In this section “ the Pensions (Increase) Acts ” means—

a the Pensions (Increase) Act 1971 (c. 56),

and b any Act passed after that Act for purposes which correspond to the purposes of that Act.