Part 4 Income Tax on Beneficiaries' Income Withdrawal
Taxation of Pensions Act 2014 (2014 c 30) | Legislation

Part 4 Income Tax on Beneficiaries' Income Withdrawal

25

(1)     ITEPA 2003 is amended as follows.

(2)     In section 573 (foreign pensions to which section 573 applies) after subsection (2) insert—

“(2A)     This section does not apply to pension within section 574(1)(ba) if—

(a)     the pension is paid in respect of a deceased member of a pension scheme who had not reached the age of 75 at the date of death, and

(b)     no pension payments to the person entitled to the pension were made before 6 April 2015 in respect of the deceased member out of any of the following—

(i)     the fund from which the pension is paid, and

(ii)     any fund represented (to any extent) by that fund.

(2B)     This section does not apply to pension within section 574(1)(bb) if the pension is paid in respect of a deceased individual who had not reached the age of 75 at the date of death.

(2C)     Subsection (2A) is subject to subsection (2D).

(2D)     This section does apply to pension within section 574(1)(ba) paid in respect of a deceased member of a pension scheme who had not reached the age of 75 at the date

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