Redundancy Tax Query

karl_jackson

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

ffacoffipawb

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.