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Redundancy payment on tax return
Equaliser12345
Posts: 91 Forumite
Hi. Wonder if anyone can help. Just put this on the tax forum but wonder if this is more appropriate.
i received a redundancy payment in 23/24 tax year. My P45 shows this amount together with the tax I paid on it.
£30k of the sum was tax free. I have already paid tax on the remaining amount via PAYE .
Can anyone confirm how I deal with this on my tax return? I am assuming that I put the full amount (I.e. salary and redundancy) in the employment box. But do I ALSO put it under lump sum received?
Or will that cause me to be taxed again??
i received a redundancy payment in 23/24 tax year. My P45 shows this amount together with the tax I paid on it.
£30k of the sum was tax free. I have already paid tax on the remaining amount via PAYE .
Can anyone confirm how I deal with this on my tax return? I am assuming that I put the full amount (I.e. salary and redundancy) in the employment box. But do I ALSO put it under lump sum received?
Or will that cause me to be taxed again??
Thanks!
0
Comments
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The £30k is ignored on the self assessment0
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