[F1402BTermination awards not benefiting from threshold to be treated as earningsU.K.
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(1)The amount of a termination award to which this section applies is treated as an amount of earnings of the employee, or former employee, from the employment.
(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.]
Textual Amendments
F1Ss. 402A-402E inserted (with effect in accordance with s. 5(10) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), s. 5(3)