Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Interpretation

  • Section 558 Meaning of “deductible payment”
  • Section 559 Liabilities related to the former employment
  • Section 560 Meaning of “qualifying insurance contract”
  • Section 561 Connected contracts
  • Section 562 Meaning of “former employee” and “employment”
  • Section 563 Other interpretation
  • Section 564 Application of this Part to office-holders
  1. Interpretation
  2. Other interpretation

Section 563 | Other interpretation

From legislation.gov.uk

In this Part each of the following expressions, when used in relation to a former employee, has the meaning given—F1

“former employment” means the employment which the former employee has ceased to hold;

“former employer” means—

(a)the person under whom the former employee held the former employment,

(b)a person for the time being carrying on the whole or any part of the business or other undertaking for the purposes of which the former employee held the former employment,

(c)a person who is for the time being subject to any of the liabilities with respect to that business or other undertaking of the person mentioned in paragraph (a), and

(d)a person who is connected with a person falling within paragraph (a), (b) or (c);

“post-employment earnings” means so much of any amount received after the former employee has ceased to hold the former employment as constitutes general earnings for the purposes of the employment income Parts;

“relevant retirement benefit” means a benefit—

(a)which is received by the former employee under an employer-financed retirement benefits scheme, and

(b)which, under Chapter 2 of Part 6, counts as employment income of the former employee.

Notes

  1. F1

    Words in s. 563 substituted (6.4.2006) by Finance Act 2004 (c. 12), s. 284(1), Sch. 35 para. 64 (with Sch. 36)

PreviousNext
PrivacyTerms