E57....you did it again! You found yet another "fuzzy" area of hot tub installs. Did I run a branch circuit- or a feeder?
Well, I ran a single 240 circuit to the tub, and simply terminated my four wires as directed (yes, there was a neutral required).
As part of the tub assembly, after my connections the wires entered the tub's control center, where power was sent off in differing directions to the heater, tub pump, aerator pump, stereo, TV, and lights. Each of these functions had it's own little breaker, switch..and often a molex-type wire harness leaving the center. Is this a "panel", with its' own branch circuits?
As mentioned before, the instructions of this UL listed tub simply said to run the four wires to the tub, from a GFI breaker.