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  • FIRST POST
    • Chapman1290
    • By Chapman1290 29th Nov 18, 1:29 PM
    • 4Posts
    • 0Thanks
    Chapman1290
    Holiday pay has been taxed after redundancy?
    • #1
    • 29th Nov 18, 1:29 PM
    Holiday pay has been taxed after redundancy? 29th Nov 18 at 1:29 PM
    Hi everyone

    I was made redundant on 5th October this year, i'm just about to get my redundancy pay finally. But on the calculations of how much i am going to get for the holiday pay i am owed, it says:

    We have made a payment to you for 10.75 Holiday days owed to you.
    Then obviously says the amount owed, then minus tax and national insurance...

    Is this correct?

    I'm also claiming Universal Credit at the moment which i am told the total cost of what i receive in Universal Credit, will be deducted from my Staturtory pay.. is this also correct?

    Regards Chris
Page 1
    • tizerbelle
    • By tizerbelle 29th Nov 18, 1:36 PM
    • 1,528 Posts
    • 3,294 Thanks
    tizerbelle
    • #2
    • 29th Nov 18, 1:36 PM
    • #2
    • 29th Nov 18, 1:36 PM
    Holiday pay - yes. Only the actual redundancy payment is non-taxable (up to £30k) anything else is taxable as normal.
    Can't comment on the UC part.
    • oscarward
    • By oscarward 29th Nov 18, 7:45 PM
    • 636 Posts
    • 252 Thanks
    oscarward
    • #3
    • 29th Nov 18, 7:45 PM
    • #3
    • 29th Nov 18, 7:45 PM
    True, I accepted VR in June. The Pilot and holiday pay was subject to tax but the redundancy and enhancement was tax free.

    But you can recover tax at year end
    • Dazed and confused
    • By Dazed and confused 29th Nov 18, 10:47 PM
    • 3,331 Posts
    • 1,685 Thanks
    Dazed and confused
    • #4
    • 29th Nov 18, 10:47 PM
    • #4
    • 29th Nov 18, 10:47 PM
    But you can recover tax at year end
    Or the tax deducted from it might be correct.

    Or you might owe additional tax.

    Impossible to know with the information provided and the fact there is several months to go in the tax year the payment is being made in.
    • getmore4less
    • By getmore4less 2nd Dec 18, 12:54 AM
    • 33,660 Posts
    • 20,370 Thanks
    getmore4less
    • #5
    • 2nd Dec 18, 12:54 AM
    • #5
    • 2nd Dec 18, 12:54 AM
    Who is paying the statutory redundancy?
    • Chapman1290
    • By Chapman1290 3rd Dec 18, 7:53 AM
    • 4 Posts
    • 0 Thanks
    Chapman1290
    • #6
    • 3rd Dec 18, 7:53 AM
    • #6
    • 3rd Dec 18, 7:53 AM
    Who is paying the statutory redundancy?
    Originally posted by getmore4less
    Coming out of the National Insurance Fund..
    The company i worked for, the owner put the company into liquidation...
    • getmore4less
    • By getmore4less 3rd Dec 18, 10:04 AM
    • 33,660 Posts
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    getmore4less
    • #7
    • 3rd Dec 18, 10:04 AM
    • #7
    • 3rd Dec 18, 10:04 AM
    Then you can't double dip, some benefits and JSA reduce the redundancy payout.

    Make sure you claim the contributions JSA(however that is done with UC) they will deduct that as well
    • CKhalvashi
    • By CKhalvashi 7th Dec 18, 12:14 AM
    • 8,960 Posts
    • 25,587 Thanks
    CKhalvashi
    • #8
    • 7th Dec 18, 12:14 AM
    • #8
    • 7th Dec 18, 12:14 AM
    Hi there, I'm an officer in the redundancy payments service.
    Originally posted by PRT81
    You donít have permission to post here.

    Please ask your employer to contact MSE if you would like to be able to post hereís in an official capacity.
    "I kada sanjamo san, nek bude hiljadu raznih boja" (L. Stamenkovic)

    Call me Remainer or Romaniac, but not Remoaner. It's insulting and I have the right to have my voice heard too.

    I can spell, my iPad can't.
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