2 Redundancies in Tax Year
andy51210
Posts: 1 Newbie
Hi all,
I've not be able to find a definite answer to this on the interweb, so I would appreciate some info if anybody knows.
I am in the fairly unique position whereby I will be getting 2 x severance payments in 1 tax year from 2 different companies. The 2 payments combined will exceed the £30k tax free allowance. So my question is whether the tax free allowance is per tax year or per redundancy.
I hope that makes sense, and thank you for any answers in advance.
I've not be able to find a definite answer to this on the interweb, so I would appreciate some info if anybody knows.
I am in the fairly unique position whereby I will be getting 2 x severance payments in 1 tax year from 2 different companies. The 2 payments combined will exceed the £30k tax free allowance. So my question is whether the tax free allowance is per tax year or per redundancy.
I hope that makes sense, and thank you for any answers in advance.
0
Comments
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https://www.taxinsider.co.uk/542-The_30000_Redundancy_Myth.html suggests it is per termination, not per tax year.
That link was top of the search results I found and the gov.uk/government website would confirm this.0
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