Income Tax (Earnings and Pensions) Act 2003
Sections and provisions with full text and the judgments that cite each one.
Section 554Z11G — Earlier income tax liability: supplementary provision
Earlier income tax liability: supplementary provision 554Z11G 1 This section applies in a case to which section 554Z11C applies (see section 554Z11B(1)). 2 Subsection (3) applies where an employer is…
Section 554H — Exclusions: earmarking of deferred remuneration
Exclusions: earmarking of deferred remuneration 554H 1 This section applies if— a on a date (“the award date”) A is awarded remuneration (“the deferred remuneration”) in respect of A's employment…
Section 554I — Exclusions: introduction to sections 554J to 554M
Exclusions: introduction to sections 554J to 554M 554I 1 Sections 554J and 554K are about steps within section 554B taken in relation to awards of certain shares or securities or of sums of money…
Section 554J — Exclusions: earmarking for employee share schemes (1)
Exclusions: earmarking for employee share schemes (1) 554J 1 This section applies if— a there is an arrangement (“B's employee share scheme”) under which, in respect of A's employment with B, an…
Section 554K — Exclusions: earmarking for employee share schemes (2)
Exclusions: earmarking for employee share schemes (2) 554K 1 This section applies if— a there is an arrangement (“B's employee share scheme”) under which, in respect of A's employment with B, an…
Section 554L — Exclusions: earmarking for employee share schemes (3)
Exclusions: earmarking for employee share schemes (3) 554L 1 This section applies if— a there is an arrangement (“B's employee share scheme”) under which, in respect of A's employment with B, a right…
Section 554M — Exclusions: earmarking for employee share schemes (4)
Exclusions: earmarking for employee share schemes (4) 554M 1 This section applies if— a there is an arrangement (“B's employee share scheme”) under which, in respect of A's employment with B, a right…
Section 554N — Exclusions: other cases involving employment-related securities etc
Exclusions: other cases involving employment-related securities etc 554N 1 Chapter 2 does not apply by reason of a relevant step the subject of which is employment-related securities if— a by virtue…
Section 554O — Exclusions: employee car ownership schemes
Exclusions: employee car ownership schemes 554O 1 This section applies if— a there is an arrangement (“the car ownership arrangement”) which— i provides for A to purchase a new car from another…
Section 554P — Exclusions: employment income exemptions under Part 4
Exclusions: employment income exemptions under Part 4 554P 1 Chapter 2 does not apply by reason of a relevant step if an employment income exemption under Part 4 applies to the subject of the…
Section 554Q — Exclusions: income arising from earmarked sum or asset
Exclusions: income arising from earmarked sum or asset 554Q 1 This section applies if— a a sum of money or asset (“sum or asset R”) is held by or on behalf of a person (“P”), b income arises from sum…
Section 554R — Exclusions: acquisitions out of sums or assets
Exclusions: acquisitions out of sums or assets 554R 1 This section applies if— a a sum of money or asset (“sum or asset S”) is held by or on behalf of a person (“P”), b a sum of money or asset (“sum…
Section 554S — Exclusions: pension income chargeable under Part 9 etc
Exclusions: pension income chargeable under Part 9 etc 554S 1 Chapter 2 does not apply by reason of a relevant step within section 554C or 554D if the step is the provision of pension income which is…
Section 554T — Exclusions: employee pension contributions
Exclusions: employee pension contributions 554T 1 Chapter 2 does not apply by reason of a relevant step within section 554B if the sum of money or asset which is the subject of the step arises or…
Section 554U — Exclusions: pre-6 April 2006 contributions to employer-financed retirement benefit schemes
Exclusions: pre-6 April 2006 contributions to employer-financed retirement benefit schemes 554U 1 This section applies if the subject of a relevant step is a sum of money or asset which has (wholly…
Section 554V — Exclusions: purchases of annuities out of pension scheme rights
Exclusions: purchases of annuities out of pension scheme rights 554V 1 This section applies if— a an annuity contract is purchased from an insurance company wholly out of rights which A has under a…
Section 554W — Exclusions: certain retirement benefits etc
Exclusions: certain retirement benefits etc 554W 1 This section applies if— a a relevant benefit is provided under a relevant scheme by way of a payment of a lump sum wholly out of rights which A has…
Section 554X — Exclusions: transfers between certain foreign pension schemes
Exclusions: transfers between certain foreign pension schemes 554X 1 This section applies if rights which A has under a section 390 scheme are transferred to another section 390 scheme or to an…
Section 554Y — Power to exclude other relevant steps
Power to exclude other relevant steps 554Y 1 The Commissioners for Her Majesty's Revenue and Customs may by regulations provide for Chapter 2 not to apply— a by reason of a relevant step falling…
Section 554Z — Interpretation: general
Interpretation: general 554Z 1 This section applies for the purposes of this Part. 2 “ A ” and “ B ” are defined in section 554A(1)(a) or, as the case may be, section 554AA(1) . 3 “ Arrangement ”…
Section 555 — Former employee entitled to deduction in calculating net income
Former employee entitled to deduction in calculating net income 555 1 This Part applies if— a a former employee makes a deductible payment, or b a former employer makes a deductible payment on behalf…
Section 556 — Deductible payments made outside the time limits allowed
Deductible payments made outside the time limits allowed 556 1 No deduction may be made under section 555 if the deductible payment is made— a on or before the day on which the former employee ceased…
Section 556A — Deductible payments made pursuant to tax avoidance arrangements
Deductible payments made pursuant to tax avoidance arrangements 556A No deduction may be made under section 555 if the deductible payment is made in pursuance of arrangements the main purpose, or one…
Section 557 — Deductible payments wholly or partly borne by the former employer etc.
Deductible payments wholly or partly borne by the former employer etc. 557 1 This section applies if— a a deductible payment is made by the former employee (and not by the former employer on behalf…
Section 558 — Meaning of “deductible payment”
Meaning of “deductible payment” 558 1 For the purposes of this Part each of the following is a deductible payment— A. Payment in or towards the discharge of a liability related to the former…
Section 559 — Liabilities related to the former employment
Liabilities related to the former employment 559 For the purposes of this Part each of the following kinds of liability is related to the former employment— A. Liability imposed upon the former…
Section 560 — Meaning of “qualifying insurance contract”
Meaning of “qualifying insurance contract” 560 1 In section 558 “ qualifying insurance contract ” means a contract of insurance which meets conditions A, B, C and D. 2 Condition A is that, so far as…
Section 561 — Connected contracts
Connected contracts 561 1 An insurance contract is connected with another contract for the purposes of section 560 if conditions E and F are met— a at the time when both contracts are first in force,…
Section 562 — Meaning of “former employee” and “employment”
Meaning of “former employee” and “employment” 562 1 In this Part “ former employee ” means an individual who has ceased to hold an employment. 2 In this Part “ employment ” includes in particular— a…
Section 563 — Other interpretation
Other interpretation 563 In this Part each of the following expressions, when used in relation to a former employee, has the meaning given— “ former employment ” means the employment which the former…
Section 564 — Application of this Part to office-holders
Application of this Part to office-holders 564 1 The provisions of this Part are expressed to apply to former employees but they apply equally to former office-holders. 2 In those provisions as they…
Section 565 — Structure of Part 9
Structure of Part 9 565 The structure of this Part is as follows— Chapter 2— a imposes the charge to tax on pension income, and b provides for deductions to be made from the amount of income…
Section 566 — Nature of charge to tax on pension income and relevant definitions
Nature of charge to tax on pension income and relevant definitions 566 1 The charge to tax on pension income under this Part is a charge to tax on that income excluding any exempt income. 2 “ Pension…
Section 567 — Amount charged to tax
Amount charged to tax 567 1 The amount of pension income which is charged to tax under this Part for a particular tax year is as follows. 2 In relation to each pension, annuity or other item of…
Section 567A — Cases in which Part 7A has applied to source of pension income
Cases in which Part 7A has applied to source of pension income 567A 1 This section applies if— a for a tax year there is an amount (“amount TPI”) of taxable pension income for a pension, annuity or…
Section 567B — Cases where inheritance tax is paid in respect of pension death benefit
Cases where inheritance tax is paid in respect of pension death benefit 567B 1 This section applies if— a there is an amount of taxable pension income (“amount TPI”) for a tax year for a pension,…
Section 568 — Person liable for tax
Person liable for tax 568 For the provision identifying which person is liable for any tax charged under this Part on a pension, annuity or other item of pension income, see Chapters 3 to 15A .
Section 569 — United Kingdom pensions
United Kingdom pensions 569 1 This section applies to any pension paid by or on behalf of a person who is in the United Kingdom. 2 But this section does not apply to a pension if any provision of…
Section 570 — “Pension”: interpretation
“Pension”: interpretation 570 In this Chapter “ pension ” includes a pension which is paid voluntarily or is capable of being discontinued.
Section 571 — Taxable pension income
Taxable pension income 571 If section 569 applies, the taxable pension income for a tax year is the full amount of the pension accruing in that year irrespective of when any amount is actually paid.
Section 572 — Person liable for tax
Person liable for tax 572 If section 569 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the pension.
Section 572A — Temporary non-residents
Temporary non-residents 572A 1 This section applies if an individual is temporarily non-resident. 2 Any pension within subsection (3) is to be treated for the purposes of section 571 as if it accrued…
Section 573 — Foreign pensions
Foreign pensions 573 1 This section applies to any pension paid by or on behalf of a person who is outside the United Kingdom to a person who is resident in the United Kingdom. 2 But this section…
Section 574 — “Pension”: interpretation
“Pension”: interpretation 574 1 For the purposes of this Chapter “ pension ” includes— a an annuity under, or purchased with sums or assets held for the purposes of, or representing acquired rights…
Section 574A — “Pension”: relevant lump sums
“Pension”: relevant lump sums 574A 1 A lump sum paid under a pension scheme to a member of the scheme, or to a person in respect of a member of the scheme, is “ a relevant lump sum ” for the purposes…
Section 575 — Taxable pension income
Taxable pension income 575 1 If section 573 applies, the taxable pension income for a tax year is the full amount of the pension income arising in the tax year, but subject to subsections (1A) ...…
Section 576 — Person liable for tax
Person liable for tax 576 If section 573 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the pension.
Section 576A — Temporary non-residents
Temporary non-residents 576A 1 This section applies if a person is temporarily non-resident. 2 Any relevant withdrawals within subsection (3) are to be treated for the purposes of section 575 as if…
Section 577 — United Kingdom social security pensions
United Kingdom social security pensions 577 1 This section applies to— the state pension, graduated retirement benefit, industrial death benefit, widowed mother’s allowance, widowed parent’s…
Section 578 — Taxable pension income
Taxable pension income 578 If section 577 applies, the taxable pension income for a tax year is the full amount of the pension, benefit or allowance accruing in that year irrespective of when any…