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Redundancy tax free payment
Sodium68
Posts: 13
Forumite
When you're made redundant is the tax free element of your redundancy put on your P45?
Also will receiving the tax free cash have an effect on the married couples tax allowance?
Also will receiving the tax free cash have an effect on the married couples tax allowance?
0
Comments
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The P45 earnings figure is your taxable pay, any non-taxable payments will not be included.
As I understand it the married couples tax allowance is based on you paying tax at the basic rate so any tax free payment will have no affect on this.1
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