Part 6Employment income: income which is not earnings or share-related
Chapter 3Payments and benefits on termination of employment etc.
Exceptions and reductions
408Exception for contributions to F1registered pension schemes
(1)
This Chapter does not apply to a contribution to a F2registered pension scheme F3or an employer-financed retirement benefit scheme if the contribution is made—
(a)
as part of an arrangement relating to the termination of a person’s employment, and
(b)
in order to provide benefits for the person in accordance with the terms of the scheme or approved personal pension arrangements.
F4(2)
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