What Redundancy can be tax-free ?

Electric_Blue

My company is offering monthly incentive payments for us to stop until the end of our contract , approx 3 months. My boss has offered to pay me a smaller monthly sum than I could get , but will then add the balance to my redundancy pay ( as a type of company loyalty ) - and therefore tax free. That is good for me, and doesnt cost my company anything, but is it legally okay to do this ?Thanks for any advice given.

Electric_Blue

Ive read some more about this , and it seems 'loyalty' payments are a real grey area. Seems the government can have their tax and eat it ! I guess if Im not comfortable with doing something that may be 'dodgy' then I dont do it.