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Redundancy & medical cover
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jediknight49
Posts: 106 Forumite
Looking for a bit of advice.
I was made redundant 4 weeks ago. My company went into administration. I had company benefit of BUPA medical insurance, which lapsed the moment i was made redundant.
On the tax paperwork which i received from the administrators along with my P45, it has the full amount of cover on there. Obviously I am no longer able to get the cover, so how do I stand regarding the taxable element of it?
I can't see why i should have/pay over £1,000 in taxable benefit when I have only been in the scheme for 6 months.
Do i need to inform the tax office of this change or will they know and adjust my tax / refund accordingly next April?
I was made redundant 4 weeks ago. My company went into administration. I had company benefit of BUPA medical insurance, which lapsed the moment i was made redundant.
On the tax paperwork which i received from the administrators along with my P45, it has the full amount of cover on there. Obviously I am no longer able to get the cover, so how do I stand regarding the taxable element of it?
I can't see why i should have/pay over £1,000 in taxable benefit when I have only been in the scheme for 6 months.
Do i need to inform the tax office of this change or will they know and adjust my tax / refund accordingly next April?
0
Comments
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Same happened to me about 5 years ago. I contacted HMRC and they were not minded to change it.0
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