NIM02782 - Class 1 NICs: earnings of employees and office holders: retirement benefits schemes from 6 April 2006: employer-financed retirement benefits schemes: payments from such schemes: authorised member payments: flowchart: lump sums
You must read this page in conjunction with NIM02780 (first considerations).
Payment out of the EFRBS is a lump sum.
Step 1
Is the lump sum a:
Yes Go to step 2
No Go to step 4
Step 2
Is the lump sum a PCLS?
Yes Go to NIM02783
No Go to step 3
Step 3
Is the lump sum a SIHLS?
Yes Go to NIM02784
Step 4
Payment cannot be disregarded in the calculation of earnings.