Part 6 U.K.Employment income: income which is not earnings or share-related

Chapter 3 U.K.Payments and benefits on termination of employment etc.

Exceptions and reductions U.K.

[F1 414AException for payments and benefits under section 615(3) schemes U.K.

(1) This Chapter does not apply to a payment or other benefit provided in the form of a lump sum under a section 615(3) scheme.

(2) In this section, “section 615(3) scheme” means a superannuation fund to which section 615(3) of ICTA applies.]

Textual Amendments

F1 S. 414A inserted (with effect in accordance with art. 6 of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2014 (S.I. 2014/211), arts. 1, 5(3)(b)