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I am calculating the notice payment for two employees we are
Hello,I am calculating the notice payment for two employees we are making redundant, both are receiving 90 days as per their contract notice pay. I would like to know how much will they receive after … read more
Sam
Sam
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Higher Officer HMRC
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I'm in the process of being made redundant and I want to
I'm in the process of being made redundant and I want to ensure that I am going to receive the money in the most tax efficient way … read more
Sam
Sam
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Higher Officer HMRC
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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
Sam
Sam
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Higher Officer HMRC
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I beleive I have over paid tax following payment of 3 month
I beleive I have over paid tax following payment of 3 month salary as payment in lieu at the end of the last tax year. I am a higher rate tax payer and left my employer in feb 2011 with a compremise. … read more
taxadvisor.uk
taxadvisor.uk
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Hi Quick question...I have just been made redundant and becuase
Hi Quick question...I have just been made redundant and becuase my company is paying statutory redundancy it does not break the £30k tax free amount. But if i used my notice period it would break the … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have been issued a Compromise Agreement with a figure to
I have been issued a Compromise Agreement with a figure to cover damages/loss of office/redundancy. It states that The Company waives the right to any period of notice or monies in lieu of notice (bot… read more
Clare
Clare
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This is regarding redundancy payments. Is there a difference
This is regarding redundancy payments. Is there a difference between redundancy payment and Loss of office in terms of tax treatment? Can some part of loss of office payment be deferred to next tax ye… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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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
Accountant
Higher Officer HMRC
15,905 satisfied customers
I am at risk of redundancy and have a consulation tomorrow
I am at risk of redundancy and have a consulation tomorrow morning. I am on a 6 month notice period and currently earn £83k p.a. plus benefits. How can I maximise the £30k tax free element of my redun… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,905 satisfied customers
I was made redundant on the 26th March 2010 and given 3 months
I was made redundant on the 26th March 2010 and given 3 months money in lieu of notice and an April 2010 bonus payment (all paid in March 2010) as I have been unable to find employment I am planning t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I am 52 and being made redundant after almost 16 years service.
I am 52 and being made redundant after almost 16 years service. My employer has offered a package consisting of a tax free statutory redundancy payment, payment in lieu of notice, holiday pay and empl… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,905 satisfied customers
just finished work redundant am i supposed to pay tax on lieu
just finished work redundant am i supposed to pay tax on lieu of notice 12 weeks pay finised straight away did not work notice period,have paid tax on lieu of notice… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I am 38 and about to be made redundant after 6.5 years service. I
I am 38 and about to be made redundant after 6.5 years service. I know my redundancy payment is due to be 6weeks @ £380 = £2280 but when (date-wise) must this be paid to me? Should it be on my last da… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,905 satisfied customers
I have redundancy cover which will pay me 2500 a month. If
I have redundancy cover which will pay me £2500 a month. If my employer offers me £30,000 plus as a voluntary redundancy payment will I be tax exempt on the first £30k paid by my employer and then pay… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,905 satisfied customers
I have been made redundant & will received my 6 months notice
I have been made redundant & will received my 6 months notice (37,500), I believe that the first 30,000 can be paid tax free. My Contract contains the following point; "The Company reserves the right … read more
Sam
Sam
Accountant
Higher Officer HMRC
15,905 satisfied customers
I have just been made redundant after only five months in a
I have just been made redundant after only five months in a permanent position, my contracted notice period is three months, my employer has offered to pay me those three months. Can I take that three… read more
marimonay
marimonay
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Master's Degree
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This is the redundancy proposal that the company is proposing
This is the redundancy proposal that the company is proposing: A- Enhanced redundancy, including statutory where applicable - 3 1/2 weeks salary for every completed year of service (i've been there a … read more
Clare
Clare
Solicitor
Bachelor's Degree
149 satisfied customers
I was made redundant on 5/12/08 and was paid 3 months in lieu
I was made redundant on 5/12/08 and was paid 3 months in lieu of notice and 2 weeks redundancy. The payment of lieu in notice and redundancy has taken my total earnings for the tax year over the thres… read more
TEAP007
TEAP007
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Fully Trained Inspector of Taxes B1
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