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HR saying I can't Salary Sacrifice Accrued Holiday (Redundancy)
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Apologies for the late response, but please be aware that the sacrificing of PILON may not actually reduce the tax. The legislation now sets out a formula for taxing "Post Employment Notice Pay". This would typically mean that PAYE and NIC still has to be calculated on PILON, even when it's not actually received. It's apparently all part of tax simplification.1
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