Payments and other benefits received directly or indirectly in consideration or in consequence of retirement or termination from employment or due to changes made to the duties of employment and which are not otherwise chargeable to income tax are taxed to the extent that they exceed £30,0001. Exceptions are provided for payments or benefits that relate to death or disability2, tax-exempt pension schemes3, pension plan contributions4, indemnity insurance or employment liabilities5, armed forces or certain foreign service6 and litigation related to termination of employment7. A tax charge can arise under these provisions even where the taxpayer left the UK
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