Re: Voluntary Redundancy

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Hi, I am leaving on VR next month, and I understand that the first £30k will be tax free, but will this will be included in my 2021/22 tax year as income?

thanks
hall2056

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  • Browntoa
    Browntoa Posts: 49,329 Forumite
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    No , it's not 

    Some schemes offer to defer part of your redundancy to the next tax year to spread your liability . 
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  • marlot
    marlot Posts: 4,940 Forumite
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    No it's not income.  It's a while since I was made redundant, but I seem to recall that it should be left off your tax return.
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