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Income Tax (Earnings and Pensions) Act 2003 section 402A
Split of payments and other benefits between sections 402B and 403
Section 402A defines what a "termination award" is and explains how such awards are split between two different tax charging rules — one that treats part of the award as earnings (section 402B) and one that applies the £30,000 tax-free threshold (section 403).
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