We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
Get them to deduct it from your gross pay is the easiest way.0
-
Thanks molerat, that makes sense, hopefully they will oblige. Regards0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards