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Payment for Untaken Holiday
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AlecEiffel
Posts: 874 Forumite
in Cutting tax
Morning all,
I finish work on voluntary redundancy at the end of the month due to the role relocating some 170 miles away.
I have some holiday that I have not used and I agreed with my manager that in order to maximise my time in the office to get stuff wrapped up that I would take payment in lieu (they allow time out for interviews etc so I didn't need the holiday for that and would rather have the £ than time sitting around).
Is the payment for unused holiday taxed etc?
Many thanks.
I finish work on voluntary redundancy at the end of the month due to the role relocating some 170 miles away.
I have some holiday that I have not used and I agreed with my manager that in order to maximise my time in the office to get stuff wrapped up that I would take payment in lieu (they allow time out for interviews etc so I didn't need the holiday for that and would rather have the £ than time sitting around).
Is the payment for unused holiday taxed etc?
Many thanks.
0
Comments
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In short, Yes!0
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Thought so. Thanks for your reply!0
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