Section 650 | Oversea Superannuation Scheme

(1)No liability to income tax arises on a pension which is paid under the Oversea Superannuation Scheme (formerly known as the Colonial Superannuation Scheme) if the foreign residence condition is met.

(2)For the purposes of subsection (1) a pension is paid under the Oversea Superannuation Scheme if—

(a)the pension is paid under the Scheme as it has effect (by reason of section 2(4A) of OPA 1973) as a scheme under section 2 of OPA 1973, or

(b)the pension is paid under a scheme which—

(i)the Secretary of State has made under section 2(1) of OPA 1973, and

(ii)corresponds to the Oversea Superannuation Scheme.