Section 573 ITEPA 2003 applies to any pension paid by or on behalf of a person who is outside the United Kingdom to a person who is resident in the United Kingdom. It does not apply to any pensions charged by any of the provisions in Part 9 Chapters 5 to 14 ITEPA 2003 (see EIM74001).
Section 574 ITEPA 2003 extends the charge under section 573 to a pension that is paid voluntarily or is capable of being discontinued if the following conditions are met:
•the pension is paid to a former employee or office holder or to their widow, widower, surviving civil partner, child, relative or dependant
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.