Re: Voluntary Redundancy

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?



  • BrowntoaBrowntoa Forumite, Ambassador
    49.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No , it's not 

    Some schemes offer to defer part of your redundancy to the next tax year to spread your liability . 
    I'm a Forum Ambassador and I support the Forum Team on the Shopping and Freebies, Phones and TV and Over 50s boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing . All views are my own and not the official line of MoneySavingExpert.
  • marlotmarlot Forumite
    4.8K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    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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