Section 631 | Taxable pension income

(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 .^F1

(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.^F2

(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).^F2