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Redundancy payment tax advice
djd68
Posts: 39 Forumite
What are the options (other than paying into my pension) regarding tax efficient handling of a redundancy payment?
I know the first £30k is tax free but if the sum was quite large (say £150k in total) is there any other way the company could package it up in a tax efficient way that didn't affect their costs?
One option I have considered is deferring some of the payment until the next tax year. Is this legal/advisable.
Thanks.
I know the first £30k is tax free but if the sum was quite large (say £150k in total) is there any other way the company could package it up in a tax efficient way that didn't affect their costs?
One option I have considered is deferring some of the payment until the next tax year. Is this legal/advisable.
Thanks.
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