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Compulsory Redundancy and Tax Credits

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Emf2022 Posts: 1 Newbie

26 August 2022 at 3:54PM in Redundancy & redundancy planning

Hi,
im currently going through compulsory redundancy and also receive tax credits. I have another job starting the month after I finish my redundant role.

I currently get working tax credits
I am receiving a redundancy package
my question is - Will I lose my working tax credits once I’ve received my package? I’m not sure if this is classed as “savings” or not.

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Compulsory Redundancy and Tax Credits

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