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Posted Fri, 21 Jun 2024 08:45:45 GMT by Filbert79
Dear Sir/Madam, I have a query regarding the DTA between UK and Ireland, Article 17 (Pensions). It states that occupational pensions paid to a resident of a Contracting State and any annuity paid to such a resident shall be taxable only in that State. It then gives a definition below for the term 'annuity'. I can't work out from the definition of 'annuity' what that term means. Does it mean a non-occupational pension? Many thanks
Posted Wed, 26 Jun 2024 10:50:44 GMT by HMRC Admin 21 Response
Hi Filbert79,
You can buy an annuity with some or all of your pension pot.  It pays income either for life or for an agreed number of years.  Article 17 refers to pensions and other similar remunerations.  The term pension will mean all private, non government pensions, whether occupational or not.  Similary remiunerations includes annuities. 
Thank you.

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