Second time redundancy same employer no tax free cash

penners324

RogerPensionGuy said:

IIRC I thought a person could only every receive a maximum 30K cash tax free from redundancy in their life. 

IIRC, people who go over 30K often plonk it in a pension.

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https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-problems/your-pension-options-if-you-re-made-redundant#:~:text=allowances for pensions.-,Consider getting financial advice,guide Choosing a financial adviser.

Nothing in there that states it's a lifetime allowance.

chrisbur

penners324 said:

RogerPensionGuy said:

IIRC I thought a person could only every receive a maximum 30K cash tax free from redundancy in their life. 

IIRC, people who go over 30K often plonk it in a pension.

***

https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-problems/your-pension-options-if-you-re-made-redundant#:~:text=allowances for pensions.-,Consider getting financial advice,guide Choosing a financial adviser.

Nothing in there that states it's a lifetime allowance.

No it is not a "lifetime allowance" but if you read the full thread you will see that there is an explanation why the OP did not get a second tax free allowance for their second redundancy.