Point in time view as at 22/07/2020.
Income Tax (Earnings and Pensions) Act 2003, Section 404A is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A payment or other benefit which counts as a person's employment income as a result of section 403 is treated as the highest part of the person's total income.
(2)Subsection (1) has effect for all income tax purposes except the purposes of sections 535 to 537 of ITTOIA 2005 (gains from contracts for life insurance etc: top slicing relief).
(3)See section 1012 of ITA 2007 (relationship between highest part rules) for the relationship between—
(a)the rule in subsection (1), and
(b)other rules requiring particular income to be treated as the highest part of a person's total income.]
Textual Amendments
F1S. 404A inserted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 437 (with Sch. 2)
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