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How to enter redundency payment on self-assessment tax return

Kildare
Posts: 316 Forumite


in Cutting tax
Morning all! Hoping someone can confirm if I'm completing my online self assessment correctly.
I was made redundent at the end of last year and was paid more than the £30k tax free redundency allowance. On my P45, my previous employer has completed the total pay to date and tax to date boxes including the additional taxed redundency payment (so excluding the £30k tax free). Can I put these figures straight into the first section of my return (Pay from X - total from P45) and just put the £30k tax free amount in the section regarding redundency payments or do I need to split the amounts out? My company took all needed tax / NI from the taxable redundency payment.
Additionally I received a bonus payment from my ex-employer in March 2024 which isn't on the P45, this has also had tax / NI deducted. Can I just add this on to the first section of my tax return (Pay from X).
Thanks for your help!
I was made redundent at the end of last year and was paid more than the £30k tax free redundency allowance. On my P45, my previous employer has completed the total pay to date and tax to date boxes including the additional taxed redundency payment (so excluding the £30k tax free). Can I put these figures straight into the first section of my return (Pay from X - total from P45) and just put the £30k tax free amount in the section regarding redundency payments or do I need to split the amounts out? My company took all needed tax / NI from the taxable redundency payment.
Additionally I received a bonus payment from my ex-employer in March 2024 which isn't on the P45, this has also had tax / NI deducted. Can I just add this on to the first section of my tax return (Pay from X).
Thanks for your help!
0
Comments
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You don’t put the tax free element of the redundancy anywhere on the form. Thats the whole point - it’s tax free and doesn’t count!
I agree with your other points.0 -
[Deleted User] said:You don’t put the tax free element of the redundancy anywhere on the form. Thats the whole point - it’s tax free and doesn’t count!
I agree with your other points.
I'm confused on where to put the taxable amount as my employer included all the taxable part on the P45 so it seems odd to have to break the amounts back out into 'other income', though I would assume I'd still need to put the £30k in this box. Thanks0
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