EIM13120 - Termination payments and
benefits: certain payments and benefits made on behalf of or to the
order of an employee that are excluded from Section 401 ITEPA
2003
EIM13020
explained that payments or benefits made on behalf of or to the
order of an employee are within the scope of Section 401 ITEPA
2003. However, the following payments or benefits may be excepted
from the charge if an employer makes them:
- into an approved retirement benefits
scheme or registered occupational pension scheme from 6 April
2006)(see
EIM13735), or
- to an employee's solicitor in payment of
legal costs that the employee has incurred in taking action,
arising from the termination of the employment, against the
employer (see
EIM13740), or
- for outplacement counselling on coping
with job loss and finding new work (see
EIM13745).
