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Redundancy tax implications.

can_I_just_ask
can_I_just_ask Posts: 1 Newbie
edited 28 September 2014 at 3:01PM in Redundancy & redundancy planning
Hi and thanks in advance for your advice
My husband is due a redundancy pay out the 31st Jan 2015. Would he have to pay tax on his redundancy if he got a job in the same company but a different job role? If do what is the period time this ceases? Also if he got a job elsewhere if there an amount of time he would have to leave before getting a new job so he won't have to pay tax. The pay out is below the 30,000 threshold of paying tax.

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If you get a job elsewhere you are ok but beware the withdrawal of the payment if they find out you have a job also read up about counter notice.

    within the same company you are not redundant unless there is a gap of at least one week but again be careful if this can be seen as a contrived redundancy reemployment.
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