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Tax Free limit of £30k on Redundancy payments
Spivved1987
Posts: 198
Forumite
I have been trying to find the answer to a simple question on this, but I can't seem to frame the question in a way which Google can home in on. The question is WHEN was the £30,000 limit last changed? It seems to have been stuck on £30,000 for many years. This seems to be a classic case of 'fiscal drag' helping the Treasury.
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Comments
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It was £30K when I was made redundant in 1994, can't find an answer to the question though.
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
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the current limits look to be in
https://www.legislation.gov.uk/ukpga/2003/1/part/6/chapter/3
you would need to go back before then, not obvious what legislation that section replaced.
I did try but not found anything relevant yet, might be something in old EAT cases0
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