We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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 Payment

Options
2»

Comments

  • I am in this position having recently taken redundancy in April from the NHS. HRMC owe me £13,000! I certainly wasnt a high earner.

    I have submitted a P50 to reclaim the tax paid as I didn't plan to go straight back to work having worked for the NHS for 42 years I thought I would take a break.

    Because I am in receipt of a small pension e.g. £20 per week which is taxable under PAYE rules I am unable to claim back this money until the end of the tax year so they will keep my money and I will earn no interest on it for 9+ months but of course they will! I am sure my plight is similar to others up and down the country. Outrageous!!!!!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.