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Home / Simons-Taxes /Personal and employment tax /Part E4 Employment income /Division E4.8 Payments and benefits on termination of employment /Termination payments—employment terminated before 6 April 2018 / E4.812B Termination payments qualifying for £30,000 exemption (pre 6 April 2018)
Commentary

E4.812B Termination payments qualifying for £30,000 exemption (pre 6 April 2018)


Personal and employment tax

For years up to and including 2017/18, any payment or benefit to which ITEPA 2003, s 403 applies is exempt from tax to the extent that it does not exceed £30,0001.

Two or more payments or benefits from the same employment, or from different employments with the same or associated employers, are aggregated in determining the £30,000 limit2. Employers are associated if, on the date of termination or change in question3:

  1. Ìý

    •ÌýÌýÌýÌý one of them is under the control4

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