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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Are PHI payouts taxable?
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards