Schedule 1: Consequential Amendments Income Tax (Earnings and Pensions) Act 2003 Paragraph 607: section 613 of ITEPA
3514.Section 613 of ITEPA is amended because the ICTA references on which it depends are rewritten and repealed for income tax purposes. This paragraph is based on sections 65, 68, 584 and 585 of ICTA.
3515.The commentary on paragraph 606, amending section 575 of ITEPA, applies equally here, with the necessary modifications for the fact that this section deals with annuities rather than a pension. See Change 154 in Annex 1.
3516.The 10% deduction given in the source legislation by sections 65(2) and 68(5) of ICTA does not extend to annuities from the Republic of Ireland. This paragraph extends the deduction to such annuities. See Change 155 in Annex 1.