Tax on tribunal payout

I wonder if anyone could help me. I was made redundant after 33 years service two years ago and have since won an employment tribunal against my former employer on the grounds of unfair dismissal and disability discrimination. 
I originally used up the tax free amount of 30k when I was paid my redundancy and now I have a remedy hearing at the end of next week. As I understand it the 30k allowance isn't set to a particular tax year so any award I get will be taxable.
My question is will the award be added to my earnings from 2020/21 or will it be taxable in the present tax year.

Comments

Meet your Ambassadors

Categories

  • All Categories
  • 341.7K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449K Spending & Discounts
  • 233.6K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 172.3K Life & Family
  • 246.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards