# Income Tax (Earnings and Pensions) Act 2003, Section 402B: Termination awards not benefiting from threshold to be treated as earnings


(1) The amount of a termination award to which this section applies—
(a) is treated as an amount of earnings of the employee, or former employee, from the employment ,...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) See also section 7(3)(b) and (5)(ca) (which cause amounts treated as earnings under this section to be included in general earnings).
(3) Section 403(3) (when benefits are received) does not apply in relation to payments or other benefits to which this section applies.

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