Estimated tax on redundancy payment - are my calculations correct?

Hi All,

If you were to receive an 80k redundancy payment in the new tax year - how much tax would you be expected to pay? This is what I have calculated, does this look correct?
  • 80k - 30k (tax free allowance) = 50k
  • first £12,571 =  is tax free
  • 12,571 - 50k = 37429 (this is taxed at 20%)
  • 20% of 37429 = £7485.8
Can I also just check that if you receive regular payments for being on call and it is in your contract then these payments will be included in any redundancy pay calculation?



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