Income Tax (Earnings and Pensions) Act 2003 section 565

Structure of Part 9

Section 565 provides a guide to the structure of Part 9, which deals with the taxation of pension income.

• Chapter 2 imposes the charge to tax on pension income and explains how exemptions and deductions reduce the taxable amount
• Chapters 3 to 15 define each type of pension income subject to tax, specifying the chargeable amount for the tax year and the person liable to pay the tax
• Chapter 15A deals with lump sums paid under registered pension schemes, setting out which lump sums are taxable as pension income and which are exempt from tax
• Chapters 16 to 18 set out a number of exemptions that apply for all income tax purposes, not just for the purposes of Part 9