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Are PHI payouts taxable?
Comments
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Just one other thing -
If your OH is a 40% tax payer, the chances are that if his salary dropped to 65% of his normal gross salary, then he may well no longer be a higer rate tax payer. So he would get proprtionally more of the payment (sorry I bet that is as clear as mud - but what I mean is he wouldn't be quite as much worse off as it seems at first glance)
Hope this is an academic discussion and OP is in good health!I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0 -
zzzLazyDaisy wrote:BUT if the company is providing the benefit at no cost to your OH, then it is still worth having,
oh absolutely; but its worth knowing in advance exactly how much you might get.
he is in good health atm, albeit slightly uneasy about the level of interest I have in his health cover and life assurance - think he will be checking for tripwires at the top of the stairs ...0
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