Redundancy Tax Query

When somebody is made redundant and qualifies for a redundancy payment what part of the final settlement is taxable and what is tax free?

Salary
Redundancy
Owed holiday
Notice

Thanks in advnce

Comments

  • When somebody is made redundant and qualifies for a redundancy payment what part of the final settlement is taxable and what is tax free?

    Salary
    Redundancy
    Owed holiday
    Notice

    Thanks in advnce

    Redundancy (max £30,000)
    Anything else is taxed as income so 0%, 20%, 40% etc depending on amounts.
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