We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax on redundancy payout
stickman
Posts: 163 Forumite
Hi All,
Maths and tax not being my best subject so would welcome any help please.
OK negs ongoing but strong possibility of being offered vol redundancy package. Have been with firm for ages and figure being banded around will be in 3 figures, rough time of leaving will be this time next year.
What is the tax position on this. I believe that you can split the ammount over two fnancial years to reduce the ammount of tax paid. Also what is the position regarding the first 30k if you split the ammount do you get two first 30k tax free.
Any help appreciated
Thanks
Maths and tax not being my best subject so would welcome any help please.
OK negs ongoing but strong possibility of being offered vol redundancy package. Have been with firm for ages and figure being banded around will be in 3 figures, rough time of leaving will be this time next year.
What is the tax position on this. I believe that you can split the ammount over two fnancial years to reduce the ammount of tax paid. Also what is the position regarding the first 30k if you split the ammount do you get two first 30k tax free.
Any help appreciated
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards