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Redundancy Tax Query
karl_jackson
Posts: 17 Forumite
When somebody is made redundant and qualifies for a redundancy payment what part of the final settlement is taxable and what is tax free?
Salary
Redundancy
Owed holiday
Notice
Thanks in advnce
Salary
Redundancy
Owed holiday
Notice
Thanks in advnce
0
Comments
-
karl_jackson wrote: »When somebody is made redundant and qualifies for a redundancy payment what part of the final settlement is taxable and what is tax free?
Salary
Redundancy
Owed holiday
Notice
Thanks in advnce
Redundancy (max £30,000)
Anything else is taxed as income so 0%, 20%, 40% etc depending on amounts.0
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