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P45 confusion
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caveman38
Posts: 1,311 Forumite
My friend is due to leave his company soon. Apart from his notice pay and annual leave which are taxable. He is also to receive a Termination Payment of £7K. It is stated that this is to be tax free. However on the agreement it is stated that the TP will be paid before receipt of their P45.
Is this a contradiction or can a P45 show untaxed amounts.
Is this a contradiction or can a P45 show untaxed amounts.
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Redundancy payments are not included within the P45 totals.0
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