# Income Tax (Earnings and Pensions) Act 2003, Section 631: Taxable pension income

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

(1) If section 629 applies, the taxable pension income for a tax year is the full amount of the pension income arising in the tax year .
(2) The full amount of the pension income arising in the tax year is to be calculated on the basis that the pension is 90% of its actual amount.
(3) The pension income is treated as relevant foreign income for the purposes of section 838 of that Act (expenses attributable to collection or payment of relevant foreign income).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/631 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-631
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.