Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 653: Overseas Service Pensions Fund
2578.This section exempts pensions paid out of the Overseas Service Pensions Fund. It derives from section 615(2)(g) of ICTA.
2579.Subsection (3) extends the meaning of “pension” to include any gratuity or other sum payable in respect of ill health. It derives from the definition of “pension” in section 615(7) of ICTA.