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!

P50?

Options
My friend who lost her job recently when her company went into administration was told by an ex colleague to claim tax repayment via a P60 form.

She's just started claiming Income Based ESA having been signed off for 12 weeks by her doctor.

So there's no way she'll be returning to work prior to 5th April and she's not claiming any taxable benefits.

She earlier rang the tax office to ask about a rebate and they said she would get it at a later date when the Redundancy Payments Office sends her 12 week pay in lieu of notice - no ention of a P50 or earler reclaim.

Is this worth her while pursuing?

Comments

  • zaksmum wrote: »
    My friend who lost her job recently when her company went into administration was told by an ex colleague to claim tax repayment via a P60 form.

    She's just started claiming Income Based ESA having been signed off for 12 weeks by her doctor.

    So there's no way she'll be returning to work prior to 5th April and she's not claiming any taxable benefits.

    She earlier rang the tax office to ask about a rebate and they said she would get it at a later date when the Redundancy Payments Office sends her 12 week pay in lieu of notice - no ention of a P50 or earler reclaim.

    Is this worth her while pursuing?

    Some of the payment from the Redundancy Payments Office may be taxable and so she should wait for a P45 from them.
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
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
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K 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.