Income Tax (Earnings and Pensions) Act 2003 section 569

United Kingdom pensions

Section 569 establishes that pensions paid by or on behalf of a person in the United Kingdom are taxable as pension income, acting as a broad catch-all provision for any UK pension not covered by more specific rules elsewhere in the Act.

• Any pension paid by or on behalf of a person in the United Kingdom falls within this section and is taxable as pension income.
• The section does not apply where a more specific provision in Chapters 5 to 14 of the pension income Part already covers the pension in question.
• Foreign pensions — those paid by or on behalf of a person outside the United Kingdom — are dealt with separately under Chapter 4 of the pension income Part.
• The section replaces and consolidates several overlapping charges from previous legislation, including charges on Crown pensions, annuities and stipends paid out of public revenue.