396Certain lump sums not taxed by virtue of section 394
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adran has no associated
Nodiadau Esboniadol
(1)Section 394 does not apply to a lump sum if—
(a)all of the income and gains accruing to the scheme under which the lump sum is provided are brought into charge to tax, and
(b)the lump sum is provided to—
(i)the employee mentioned in section 395(4)(b),
(ii)a relative of that employee,
(iii)the personal representatives of that employee,
(iv)an ex-spouse of that employee, or
(v)any other individual designated by that employee.
(2)For the purposes of this section it must be assumed that, unless the contrary is shown, the income and gains accruing to the scheme are not brought into charge to tax.