Pay in lieu of notice is not redundancy payment. It is pay. Simple as that. However, if it is pay as compensation for inconvenience that is somewhat different and not subject to tax. Such a payment might occur if they wanted him offsite immediately or terminated the contract but, wouldn't let him work for a competitor for reasons on intellectual knowledge. AIUI.
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  |