Taxation Treatment of Termination Payments on Retirement or Removal from Office or Employment

Tax and Duty Manual Part 05-05-19 contains instructions for the tax treatment of lump sum payments on termination of an office or employment or removal from office or employment. The manual has been updated to reflect an amendment introduced in Finance Act 2014 regarding emoluments to be included when calculating the relief due under the Standard Capital Superannuation Benefit.

04 March 2016