# Income and Corporation Taxes Act 1988, Section 613: Parliamentary pension funds.

Extent: E+W+S+N.I.

(1) The salary of a Member of the House of Commons shall, for all the purposes of the Income Tax Acts, be treated as reduced by the amounts deducted in pursuance of section 4 of the House of Commons Members' Fund Act 2016; but a Member shall not by reason of any such deduction be entitled to relief under any other provision of the Income Tax Acts.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) The . . . trustees of—
(a) the House of Commons Members’ Fund specified in section 1 of the 2016 Act;
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(bb) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
shall be entitled to exemption from income tax in respect of all income derived from that Fund or any investment of that Fund.
A claim under this subsection shall be made to the Board.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/section/613 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/section-613
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.