Part 6

Employment income: income which is not earnings or share-related
Chapter 1

Payments to non-approved pension schemes

Apportionment of payments in respect of more than one employee
388
1
If a sum within section 386 is paid for or in respect of two or more employees, part of it is treated as paid in respect of each of them.
2
The amount treated as paid in respect of each employee is—
A × B/C
where—
- A is the sum paid,
- B is the amount which would have had to be paid to secure the benefits to be provided in respect of the employee in question, and
- C is the total amount which would have had to be paid to secure the benefits to be provided in respect of all the employees if separate payments had been made in the case of each of them.