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Are we certain to be taxed?
GAILEY
Posts: 139 Forumite
Hi,
Could one of the many brains out there let me have their thought's on this please -
My other half has been given notice of redundancy after 24 years. He has been sent a schedule of entitlements to sign, to confirm his employers have worked out his award properly (even though we haven't got a copy of the latest terms of employment from which to check!).
The form says he is going to receive stat redundancy plus ex gratia, which will take him to about £37.500, so I understand he will be taxed on the £7,500. It says he's entitled to 12 weeks notice, but his finishing date is less than a month from the notice -
1. Is the notice period the stat redunadancy period, or should that be a payment on top?
2. Is there any way that his redunancy payment can be framed to avoid the payment of tax (or should I say - plan not to pay tax)?
Any thoughts would be much appreciated.
Gailey.
Could one of the many brains out there let me have their thought's on this please -
My other half has been given notice of redundancy after 24 years. He has been sent a schedule of entitlements to sign, to confirm his employers have worked out his award properly (even though we haven't got a copy of the latest terms of employment from which to check!).
The form says he is going to receive stat redundancy plus ex gratia, which will take him to about £37.500, so I understand he will be taxed on the £7,500. It says he's entitled to 12 weeks notice, but his finishing date is less than a month from the notice -
1. Is the notice period the stat redunadancy period, or should that be a payment on top?
2. Is there any way that his redunancy payment can be framed to avoid the payment of tax (or should I say - plan not to pay tax)?
Any thoughts would be much appreciated.
Gailey.
0
Comments
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I think I might be coming close to answering my own query - but any comments/ideas etc would be appreciated - as it is, of course, entirely possible that I'm barking up completely the wrong tree!!
My partner's compensation form says he is entitled to 12 weeks notice, as does the ACAS website etc - but he was given the notice last week - so he is "on notice" until sometime mid May - which will take him into the next tax year - so much of the extra bit will be included in his personal allowance for 2009/10? I say that as the ACAS website sas the notice takes affect at the end of the stat notice period....does that make sense??
Also, a query - one of the factors in his selection for redundancy was that the fact that in the last 2 years he was off sick for 2 weeks. He was signed off for 2 seperate periods of one week. He operates large machinery and was on medication that would have made it unsafe for him to have been at work - is this sickness a statutory right (when a doctor certifies) and can this be used against him. His employers have ignored length of service in their criteria - so the fact that it is the only time he's been off in 24 years seems to be irrelevant, but it seems very unfair to me??
Thanks - as always:rolleyes:0
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