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Income Tax (Trading and Other Income) Act 2005

Section 741: Aggregation of policies where employment ends for health reasons

2829.This section ensures that, where a person leaves employment but continues to receive benefits under a new separate policy derived from a policy entered into for the benefit of one or more employees, the exemption given by this Chapter continues to apply to payments under the new policy. The section is based on section 580A of ICTA.

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