# Income Tax (Earnings and Pensions) Act 2003, Section 402A: Split of payments and other benefits between sections 402B and 403


(1) In this Chapter “termination award” means a payment or other benefit to which this Chapter applies because of section 401(1)(a).
(2) Section 402B (termination awards not benefiting from threshold treated as earnings) applies to termination awards to the extent determined under section 402C.
(3) Section 403 (charge on payment or benefit where threshold applies) applies to termination awards so far as they are not ones to which section 402B applies.
(4) Section 403 also applies to payments and other benefits to which this Chapter applies because of section 401(1)(b) or (c) (change in duties or earnings).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/402A (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-402A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.