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Related UK Tax Questions
I am being made redundant, and my redundancy payment is
I am being made redundant, and my redundancy payment is likely to exceed £100,000. I understand the £30K tax free element may be reduced in this case. How is that reduction calculated?… read more
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I have been offered a redundancy (severance) package of £80k
I have been offered a redundancy (severance) package of £80k by my employer today. I have not worked for the last 5 years. My earnings this year will be around £5.5K. My income next year would be zero… read more
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I am being made redundant, last day is 1st March with the final
I am being made redundant, last day is 1st March with the final payment due to be made in March. The payout is as follows: Redundancy: £45,000 (first £30K tax free) Payment in Lieu of notice (PILON): … read more
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Hi, I am likely to be made redundant in 3 weeks from a UK Company.
Hi, I am likely to be made redundant in 3 weeks from a UK Company. I am entitled to 4 weeks statutory pay (no of year service is 4). However, my Company has indicated that I could receive a redundancy… read more
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made redundant from company in April 2007 where got payout
made redundant from company in April 2007 where got payout and £3ok tax exempt, then re-employed by same company in different role in Auguts 2009, to be made redundant in Oct 2012 question is the £30k… read more
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I retired as a police constable from Essex Police on 31st March
I retired as a police constable from Essex Police on 31st March 2012. On retirement, I took a lump sum from my pension. My date of birth is 20/6/57 so am aged 54. I have the opportunity of working aga… read more
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I was made redundant Dec 2010, i had 3 months notice period
I was made redundant Dec 2010, i had 3 months notice period but was paid in lieu end of January and then received my redundancy package. Now Inland Revenue will ask for more tax as only paid basic rat… read more
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I was made redundant in 2010 and have just received a tax demand
I was made redundant in 2010 and have just received a tax demand for £3500 from HMRC. They said that the co. changed my tax code on my last pay slip aans I only paid 20% tax. At the time of my redunda… read more
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Hi, I was made redundant and contract ended July 31st 2007.
Hi, I was made redundant and contract ended July 31st 2007. Received p45. Redundancy payment recieved September 07. 1st£30k was not taxed I understand. I have now received tax bill from 07/08 tax year… read more
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Could you tell me how much tax I can expect to pay on an employer
Could you tell me how much tax I can expect to pay on an employer contribution of 112k, which was paid into my company stakeholder pension fund? I was made redundant on 31st March this year, and am un… read more
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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
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If Im made redundant at the end of February and receive my
If I'm made redundant at the end of February and receive my P45, but don't receive my Redunancy payout of £42,000 until 30th April will this affect the tax free element (£30,000) of my redundancy. I a… read more
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My wife is employed in a UK local authority education department.
My wife is employed in a UK local authority education department. She has reached state retirement age (60) and is considering retiring next August. A typical local authority pension gives an annual p… read more
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Ive recently been made redundant. My last day was 31st Marc
I've recently been made redundant. My last day was 31st Marc 2010 and my redundancy payment will be made towards the end of April. During FY09/10 I was a higher rate tax payer. My redundnacy pay inclu… read more
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On June 7th this year I took a voluntary Redundancy / Early
On June 7th this year I took a voluntary Redundancy / Early Retirement package from my employer - a major High Street Bank. There may now be an opportunity for me to return to the same company in a to… read more
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I have just been made redundant after a 35 year career and
I have just been made redundant after a 35 year career and have the opportunity to undertake work for my former employer on a more casual (self-employed) basis. What is the minimum break required in e… read more
Sam
Sam
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Higher Officer HMRC
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I am being made redundant in April 2009 and my redundancy payment
I am being made redundant in April 2009 and my redundancy payment will be something in the region of £60k. My annual gross salary is in the region of £75k therefore I am a 40% tax payer. My employers … read more
Tony Tax
Tony Tax
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