Article 20 - Pensions and annuities - United Kingdom Great Britain and Northern Ireland (UK)

ARTICLE 20 PENSIONS AND ANNUITIES 1. Any pension, other than a pension referred to in Article 19(2) of this Convention, or annuity paid to a resident of a Contracting State shall be taxable only in that State. 2. The term pension means a periodic payment made in consideration of past employment or by way of compensation for injuries received in the course of performance of employment or any payments made under the social security legislation of either Contracting State. 3. The term annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money s worth.