EIM15044 - Employer-financed retirement benefits schemes: ill-health and disablement

There is no charge on a payment made in respect of ill-health from an employer-financed retirement benefits scheme because it is not a “relevant benefit” (see EIM15021) and only “relevant benefits” from such schemes are taxed (see EIM15015).

Such a payment will be chargeable only under Section 401 ITEPA 2003 subject to any claim to the disability exception (see EIM13610).