UKAEA Pensions

• About the scheme
• Benefits
  • Age retirement
  • Can I choose to retire early with reduced
  • What happens if I have worked part-time
  • Ill health retirement
  • Death in service
  • Death in deferment
  • Death after retirement
  • Pension Increases
  • Benefits on Leaving the Scheme
  • Tax position
  • Test Page
  • What if I already have a preserved award in the UKAEA pension scheme
  • Benefits statements
  • State benefits
• Additional Contributions
• Part time working
• Unpaid leave
• Fixed term appointment
• Divorce
• Retirement info & options

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Home > Benefits

Tax position

Members receive tax relief on the following benefits payable from the UKAEA pension scheme:

• retirement lump sum
• death benefit lump sums
• member’s contributions to a United Kingdom Atomic Energy Authority pension arrangement (i.e. the final salary scheme, AVC Scheme or Shift Pay Pension Plan) receive tax relief up to a maximum of 15% of taxable earnings.

Pensions are treated as earned income and are therefore taxed under the PAYE system. See Tax Queries for further information.