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Tax on Retention Bonus
changup
Posts: 14
Forumite
in Cutting tax
Helo, Greetings.
My employer offered me a one time retention bonus (RB) with a min term clause of 1year. I accepted it and the amount was paid out after tax deduction (TD). However, I have decided to leave & I now have to return back the money in full i.e. RB.
My question is - Is there a way to claim back the tax (TD) I paid? else I will be loosing out on TD?
Thanks in advance for your help.
Regards.
My employer offered me a one time retention bonus (RB) with a min term clause of 1year. I accepted it and the amount was paid out after tax deduction (TD). However, I have decided to leave & I now have to return back the money in full i.e. RB.
My question is - Is there a way to claim back the tax (TD) I paid? else I will be loosing out on TD?
Thanks in advance for your help.
Regards.
0
Comments
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Get them to deduct it from your gross pay is the easiest way.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
0 -
Thanks molerat, that makes sense, hopefully they will oblige. Regards0
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