Income Tax (Earnings and Pensions) Act 2003 section 648

The Central African Pension Fund

Section 648 provides an income tax exemption for pensions paid from the Central African Pension Fund, provided the foreign residence condition is met.

• Pensions paid from the Central African Pension Fund are exempt from income tax if the foreign residence condition is satisfied
• The Central African Pension Fund was established under section 24 of the Federation of Rhodesia and Nyasaland (Dissolution) Order in Council 1963
• The exemption applies only where the recipient meets the foreign residence condition
• This provision derives from the earlier legislation in section 615(2)(f) of the Income and Corporation Taxes Act 1988