Redundancy payment and pension

gyromain

Employer being particularly unhelpful, Not willing to move redundancy date from 31st March to 6th April, or make payment into company DC fund (even when it saves employer NI contributions) and will not ask HMRC if the payment is tax free.

enator

In which case you should open a SIPP/PP and borrow enough money to fund it & defray the tax payable on the redundancy amount.


If you don't, then you will lose this money forever (going by your figures it will be around £20k) - the only possible way to get anything back would be a well paid job within the next few years that gives you enough tax paid to take advantage of the Pension Carry Forward rules. Is this likely?

bigadaj

kidmugsy wrote: »

Oi, speak for yourself. I am not random, I am haphazard.

I believe you've been called many things on this forum.