Other UK income 06 - Employment lump sums, compensation

Certain large payments, usually in cash and excluding pensions, or benefits from your employer or former employer may occur:

• in connection with the termination of your job, whether agreed or paid before, on or after the termination
• when your terms of employment change
• when you receive payments or other consideration for a restrictive covenant
• in anticipation of retirement or on or after retirement or death - if made from an Employer Financed Retirement Benefits Scheme (EFRBS), that is, a scheme providing benefits which include retirement and death benefits; it is usually set up by your employer but not registered by us

For further guidance and information, if the payment was less straightforward, see the notes and Working Sheet in the Additional information notes.