Quote:
Originally posted by final_edition
Quote: Originally posted by weeksy2
the deal being offered although not the best scenario ever obviously does look and sound like a good deal mate.
3 months pay after an 18 month contract isn't bad at all. Confused why your are to be taxed on it though, i was under the impression all redundancy pay was tax free.
I'm still praying for it at my place  |
Redundancy is tax free upto £30k |
Currently looking at a similar issue with my partner who is being retured due to ill health, she was injured while at work.
There are instances where tax is payable on redundancy even below the £30k limit. Typical balls up in the legislation but what do you expect it is England under labour after all.
Apparently it all depends on whether the way redundancy is paid out is described in your contract or "terms and conditions" of employment. If it clearly states that tax is payable then you are up against it. If not then you shouldn't be paying tax.