Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 599: Taxable pension income
2390.This section deals with the basis of assessment. It identifies the amount of taxable pension income, which feeds into the computation of net taxable pension income in section 567.
2391.The section derives from section 643(5) of ICTA. It makes it clear that tax is charged on the total of the income withdrawals made in the tax year.