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Pay in lieu of notice and Company Car
richlatham
Posts: 9 Forumite
I am to be made redundant and am getting my redundancy package plus 3 months pay in lieu of notice.
I will also be able to keep my company car for 3 months and retain my private healthcare (paid by the company) for 3 months.
Are these benefits taxable in this situation?
I will also be able to keep my company car for 3 months and retain my private healthcare (paid by the company) for 3 months.
Are these benefits taxable in this situation?
0
Comments
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If your benefits are contractual they will be taxable but if they are discretionary then they won't be.0
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Without knowing the details of your contract, generally speaking the redundancy payment is not taxed (assuming it is under £30k) but the PILON and other benefits will be taxable.Its amazing how these banks can't even do simple calculations correctly..............0
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