Land Tax Act 1696

III. Pensions out of the Public Revenue (Exception) to pay 4s. 4d. in the Pound.

And be it further enacted by the Authority aforesaid That all and every p[er]son or Persons Guilds Fraternities Bodies Politick or Corporate having or claiming to have any Pension Annuity Stipend or other yearely Payment either out of the Receipt of His Majesties Exchequer or out of any Branch of His Majesties Revenues or payable or secured to be paid by any Person or Persons whatsoever (not being Rents issueing out of any Lands Tenements or Hereditaments or charged upon the same and not being Annuities or yearely Payments which by any Act or Acts of Parliament made or to be made are or shall be specially exempted from the Payment of Taxes or Aids) shall yeild and pay unto His Majesty His Heires and Successors within the Space or Time of One Yeare to be reckoned as aforesaid the full Su[m]m of Foure Shillings & Foure Pence for every Twenty Shillings by the Yeare of such Pension Annuity Stipend or Yearely Payment by Monthly Payments (that is to say) so much as Foure Pence per Pound upon such Pension Anu[m]ity Stipend or other Yearely Payments shall amount unto on the said Two and twentieth Day of February and from thenceforth the like Su[m]m att the end of every Eight and Twenty Days or Foure Weeks as aforesaid until the said whole Su[m]m of Foure Shillings and Foure Pence per Pound by such equal Monthly Payments shall be fully satisfied and paid.