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Voluntary Redundancy - Advice needed!
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A similar thing has happened to me and I have been advised by my employers that if I start a new job within 30 days of taking my VR then I will have to pay tax on the whole package. Not sure if it's a redundancy thing or a VR thing?
The first £30k is tax free regardless. Take it from me, I got redundancy on a Friday and started a new job on the Monday. Only the excess of the redundancy pay over £30k was taxed. Indeed the fisrt £30k was not mentioned on the P45, as it is not taxable.0 -
A similar thing has happened to me and I have been advised by my employers that if I start a new job within 30 days of taking my VR then I will have to pay tax on the whole package. Not sure if it's a redundancy thing or a VR thing?
As them to show you which bit of legislation or HMRC tax guidance says this.
I bet they can't find any.0
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