Exemptions: any taxpayer

No liability to income tax arises in the following cases:

awards for bravery – pensions or annuities paid to the holder of an award for bravery in respect of the award. See Section 638 ITEPA 2003 and EIM74307.

pensions in respect of death due to military or war service – certain pensions paid to war widows and other dependants of deceased servicemen. See Section 639 ITEPA 2003 and EIM74305.

wounds and disability pensions – certain wounds and disability pensions paid in respect of service with the armed forces of the Crown. See Section 641 ITEPA 2003 and EIM74302.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.