UKAEA Pensions

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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.