Income Tax (Earnings and Pensions) Act 2003

Sections and provisions with full text and the judgments that cite each one.

Section 621 — Taxable pension income

Taxable pension income 621 If section 619 applies, the taxable pension income for a tax year is the total amount of the payments made in that year.

Section 622 — Person liable for tax

Person liable for tax 622 If section 619 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the payments.

Section 623 — Return of surplus employee additional voluntary contributions

Return of surplus employee additional voluntary contributions 623 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 624 — Taxable pension income

Taxable pension income 624 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 625 — Person liable for tax

Person liable for tax 625 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 626 — Income tax treated as paid

Income tax treated as paid 626 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 627 — Meaning of “grossing up”

Meaning of “grossing up” 627 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 628 — Interpretation

Interpretation 628 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 629 — Pre-1973 pensions paid under the Overseas Pensions Act 1973

Pre-1973 pensions paid under the Overseas Pensions Act 1973 629 1 This section applies to a pension if— a it is paid under section 1 of OPA 1973 (whether or not paid out of a fund established under a…

Section 630 — Interpretation

Interpretation 630 1 For the purposes of this Chapter a person is the “ original pensioner ” in relation to a pension if— a the pension is payable by virtue of the person’s service, and b the person…

Section 631 — 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…

Section 632 — Person liable for tax

Person liable for tax 632 If section 629 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the pension.

Section 633 — Voluntary annual payments

Voluntary annual payments 633 1 This section applies to an annual payment which— a is paid voluntarily, or b is capable of being discontinued, if conditions A and B are met. 2 Condition A is that the…

Section 634 — Taxable pension income: UK voluntary annual payments

Taxable pension income: UK voluntary annual payments 634 1 The taxable pension income for payments to which section 633 applies is determined in accordance with this section if the payments are made…

Section 635 — Taxable pension income: foreign voluntary annual payments

Taxable pension income: foreign voluntary annual payments 635 1 The taxable pension income for payments to which section 633 applies is determined in accordance with this section if the payments are…

Section 636 — Person liable for tax

Person liable for tax 636 If section 633 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the payment.

Section 636A — Exemptions and liabilities for certain lump sums under registered pension schemes

Exemptions and liabilities for certain lump sums under registered pension schemes 636A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 636AA — Taxable lump sum death benefits

Taxable lump sum death benefits 636AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 636B — Trivial commutation and winding-up lump sums

Trivial commutation and winding-up lump sums 636B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 636C — Trivial commutation and winding-up lump sum death benefits

Trivial commutation and winding-up lump sum death benefits 636C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 637 — Introduction

Introduction 637 1 This Chapter makes provision about the income tax treatment of authorised lump sums and authorised lump sum death benefits. 2 In this Chapter— a “ authorised lump sum ” means a…

Section 637A — Pension commencement lump sums

Pension commencement lump sums 637A No liability to income tax arises on a pension commencement lump sum paid under a registered pension scheme.

Section 637B — Pension commencement excess lump sums

Pension commencement excess lump sums 637B A person to whom a pension commencement excess lump sum is paid under a registered pension scheme is treated as having taxable pension income for the tax…

Section 637C — Serious ill-health lump sums

Serious ill-health lump sums 637C 1 Subject to subsections (2) and (4), no liability to income tax arises on a serious ill-health lump sum paid under a registered pension scheme. 2 If— a a serious…

Section 637D — Uncrystallised funds pension lump sums

Uncrystallised funds pension lump sums 637D 1 Subject to subsection (2), where an uncrystallised funds pension lump sum is paid under a registered pension scheme— a no liability to income tax arises…

Section 637E — Short service refund lump sum

Short service refund lump sum 637E A short service refund lump paid under a registered pension scheme is subject to income tax in accordance with section 205 of FA 2004 (charge to tax on scheme…

Section 637F — Refund of excess contributions lump sums

Refund of excess contributions lump sums 637F No liability to income tax arises on a refund of excess contributions lump sum paid under a registered pension scheme.

Section 637G — Trivial commutation lump sums and winding-up lump sums

Trivial commutation lump sums and winding-up lump sums 637G 1 Subject to subsection (2), a member of a registered pension scheme to whom— a a trivial commutation lump sum, or b a winding-up lump sum,…

Section 637H — Defined benefits lump sum death benefits

Defined benefits lump sum death benefits 637H 1 Subject to subsections (2) to (6), no liability to income tax arises on a defined benefits lump sum death benefit paid under a registered pension…

Section 637I — Pension protection lump sum death benefits

Pension protection lump sum death benefits 637I 1 Subject to subsections (2), (3) and (4) no liability to income tax arises on a pension protection lump sum death benefit paid under a registered…

Section 637J — Uncrystallised funds lump sum death benefits

Uncrystallised funds lump sum death benefits 637J 1 Subject to subsections (2) to (6), no liability to income tax arises on an uncrystallised funds lump sum death benefit paid under a registered…

Section 637K — Annuity protection lump sum death benefits

Annuity protection lump sum death benefits 637K 1 Subject to subsections (2), (3) and (4), no liability to income tax arises on an annuity protection lump sum death benefit paid under a registered…

Section 637L — Drawdown pension fund lump sum death benefits

Drawdown pension fund lump sum death benefits 637L 1 Subject to subsections (2) to (6), no liability to income tax arises on a drawdown pension fund lump sum death benefit paid under a registered…

Section 637M — Flexi-access drawdown lump sum death benefits

Flexi-access drawdown lump sum death benefits 637M 1 Subject to subsections (2) to (6), no liability to income tax arises on a flexi-access drawdown lump sum death benefit paid under a registered…

Section 637N — Trivial commutation lump sum death benefits

Trivial commutation lump sum death benefits 637N A person to whom a trivial commutation lump sum death benefit is paid under a registered pension scheme is treated as having taxable pension income…

Section 637P — Individual’s lump sum allowance

Individual’s lump sum allowance 637P An individual’s “lump sum allowance” is £268,275.

Section 637Q — Availability of individual’s lump sum allowance

Availability of individual’s lump sum allowance 637Q 1 This section is about the availability of an individual’s lump sum allowance on the occurrence of a relevant benefit crystallisation event (“the…

Section 637R — Individual’s lump sum and death benefit allowance

Individual’s lump sum and death benefit allowance 637R An individual’s “lump sum and death benefit allowance” is £1,073,100.

Section 637S — Availability of individual’s lump sum and death benefit allowance

Availability of individual’s lump sum and death benefit allowance 637S 1 This section is about the availability of an individual’s lump sum and death benefit allowance on the occurrence of a relevant…

Section 637T — Availability of individual’s lump sum and death benefit allowance where multiple lump sum death benefits paid

Availability of individual’s lump sum and death benefit allowance where multiple lump sum death benefits paid 637T 1 This section applies where two or more relevant benefit crystallisation events…

Section 637U — Availability of individual’s allowances where lump sums or lump sum death benefits already paid by non-UK schemes

Availability of individual’s allowances where lump sums or lump sum death benefits already paid by non-UK schemes 637U 1 Subsection (2) applies where— a a payment within paragraph 1(1)(a) or (b) of…