Part 9

Pension income
Chapter 15

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 made by or on behalf of a person who is outside the United Kingdom.
2
The taxable pension income for a tax year is the amount on which tax would be chargeable if the pension were charged to tax under Case V of Schedule D for that year (see in particular the provisions of ICTA listed in subsection (3)).
3
Those provisions of ICTA are—
a
sections 65 and 68 (calculation of the amount of the income on which tax is to be charged in the tax year);
b
section 584 (relief for unremittable overseas income);
c
section 585 (relief on delayed remittances).