EIM74307 - Pensions: particular occupations: armed forces: awards for bravery

Section 638 ITEPA 2003

Section 638 provides that no liability to income tax arises on a pension or annuity if it is paid to the holder of a specified award for bravery in respect of the award. The specified awards are –

• the Victoria Cross
• the George Cross
• the Albert Medal
• the Edward Medal
• the Military Cross
• the Distinguished Flying Cross
• the Distinguished Conduct Medal
• the Conspicuous Gallantry Medal
• the Distinguished Service Medal
• the Military Medal
• the Distinguished Flying Medal