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I am in the process of completing my tax form on line and am
I am in the process of completing my tax form on line and am not sure if i need to show information around my tax free lump sum from my pension. I was made redundant in nov 11 and had the opportunity … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I am about to be made redundant and will receive about £140k
I am about to be made redundant and will receive about £140k in redundancy pay in this tax year. I did not expect redundancy and so took my final salary DBS pension wef 1 January (after 40 years servi… read more
Sam
Sam
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Higher Officer HMRC
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Hi, I am in the Civill Service and have just received an offer
Hi, I am in the Civill Service and have just received an offer of voluntary early release. The lump sum compensation amounts to around £100,000 but I intend buying out the lost years (I am 56) to allo… read more
Tony Tax
Tony Tax
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Hi - I left my employment on a voluntary early retirement deal
Hi - I left my employment on a voluntary early retirement deal i.e. a voluntary redundancy with option taken by me to receive lump sum payment for number of years service plus immediate pension. I lef… read more
Anne T
Anne T
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I was told verbally by my employer on 2nd Feb that as a result
I was told verbally by my employer on 2nd Feb that as a result of a company reorganisation, my position would terminate on 17th Feb. I have been asked to enter into a compromise agreement which confir… read more
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Sam
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I am thinking about taking the voluntary severance and early
I am thinking about taking the voluntary severance and early retirement. I will get a lump sum which I understand £30,000 is tax free but I will also be getting a tax free lump sum about £57,000 and t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am taking voluntary severence from a Govt Agency, having
I am taking voluntary severence from a Govt Agency, having full 21 months, the compensation lump sum will be approx £78k gross, knowing 30k is tax free. Should I take the hit on tax or take the maximu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have been given a quote for voluntary redundancy. I want
I have been given a quote for voluntary redundancy. I want t find out about setting up a business in relation to claiming back tax that I will pay plus get an idea of the amount of tax I will pay. My … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
On the 18th Oct last year you gave me some advice on tax related
On the 18th Oct last year you gave me some advice on tax related to my redundancy payment and pension. l was asking whether it was better for me to retire from local government in 10/11 tax year or in… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have been offered voluntary redundancy with a lump sum of
I have been offered voluntary redundancy with a lump sum of 75K But I have to leave 31st March. What would be the tax implications and should I stall untill 6th April.Thanks.… read more
Sam
Sam
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l am looking at taking early retirement from local government
l am looking at taking early retirement from local government and have final salary pension plus a redundancy payment on offer. l am about to meet my employer to consider when l finnish with the Counc… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My employer is expected to launch a voluntary redundancy scheme
My employer is expected to launch a voluntary redundancy scheme early in 2011, and I am considering applying. I would receive a lump sum compensation payment of approximately £50000. I understand that… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
How much tax will I pay on a redundancy payment of 83,000,
How much tax will I pay on a redundancy payment of £83,000, a pension lump sum of £83,000 and an annual pension of £14,000… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
Hi Sam, I have been offered two options for early retirement
Hi Sam, I have been offered two options for early retirement with my last working day being 1 March, 2011. I will be 56 and have been offered early retirement on an enhanced pension. I have paid into … read more
Sam
Sam
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Higher Officer HMRC
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I am about to receive notice of compulsory redundancy under
I am about to receive notice of compulsory redundancy under the UK Civil Service Pension scheme. I have 37 years service and am currently working in China. Would it be tax efficient to stay out of the… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am hoping to take Voluntary Eary Retirement, have been waiting
I am hoping to take Voluntary Eary Retirement, have been waiting for an answer from my employer for a few weeks My pension is Lump sum £36, 000 with an annual pension of £12, 000 pa, also a lump sum o… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have worked for a my company for 34 years I am 50 years of
I have worked for a my company for 34 years I am 50 years of age and I have been offered the following redundancy package; Pension from 1st April 2010 approx 52,000 GBP with 1200 commutable reducing m… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am almost 62 years old and my employment is to be terminated
I am almost 62 years old and my employment is to be terminated at the end of December 2009. I have been offered a lump sum of £50k as an ex-gratia payment namely for leaving the job early at the reque… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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