Related HMRC Manuals

567(1)  The amount of pension income which is charged to tax under this Part for a particular tax year is as follows.

567(2)  In relation to each pension, annuity or other item of pension income, the amount charged to tax is the “net taxable pension income”  for the tax year.

567(3)  The net taxable pension income for a pension, annuity or other item of pension income for a tax year is given by the formula–

TPI − DPI

where–

TPI means the amount of taxable pension income for that pension, annuity or item of pension income for that year (see subsection (4)), and

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