EIM15160 - Employer-financed retirement benefits schemes: winding up the scheme
[Notice: the guidance on this page should be read with the notice at the top of EIM15015]
Where it is decided to wind up a scheme then the payments made to individuals may be relevant benefits (see EIM15021). Where the recipient has not yet retired, depending on the facts of the case, the lump sum, gratuity or other benefit may be paid 바카라 사이트in anticipation of retirement바카라 사이트 if it is either:
- provided in circumstances where there is a clear link with retirement
- provided in substitution for a payment that would have been made on or after retirement.
There is no age limit applicable to the phrase 바카라 사이트in anticipation of retirement바카라 사이트. A payment made in anticipation of retirement is a relevant benefit and will be chargeable under section 394 ITEPA 2003.