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Is a stipend payment taxable?
Sarah1970
Posts: 62 Forumite
As part of my annual bonus, we have been awarded a "Stipend" to help cover living costs as a one of payment for 2022. Its not salary, its not a performance bonus. Its a one off living expenses payment. Having never heard of this previously, I had to google it and it appears that this payment is non-taxable. Can anyone confirm if this is the case please? .
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Comments
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You’ve posted on the welfare benefits section. You’re better off posting on the cutting tax part of the forum.0
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My understanding is it isn't taxable.
It is often paid to those training, doing a Phd, clergy, volunteers, etc.
Not usually awarded to those in paid employment - so your treatment may vary. I'd suggest confirming the treatment with your employer / payroll manager.Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0 -
Personally it sounds like a taxable payment as the op is only receiving it because they are an employee of that company.
But only the employer can explain one way or the other.0 -
It's basically a taxable bonus so yes1
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A stipend is used in the Church of England instead of a salary. In the CofE the stipend is taxable. Clergy (and leaders of different faiths) have various and different tax regulations. There are specific tax advisers out there for those people. I can recommend one if needs be.0
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