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UK income tax I am currently employed and contact will end
UK income taxGood morning I am currently employed and contact will end 31/ 3 2021 and will not be extended . Current annual salary and benefits is ca 104 k £ . I negotiated a redundancy payment of ca … read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Hi. Im due to leave my company at the end of September on
Hi. I'm due to leave my company at the end of September on VR package. I get the first £30,000 tax free which leaves me with £24,000 to be taxed (no other benefits are included in the package) I'm not… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Good morning. I have been made redundant with a £90,000 redundancy
Good morning. I have been made redundant with a £90,000 redundancy package. They have paid this amount to me for this tax year at my request. This was done because last year my earninigs were £120,000… read more
Tony Tax
Tony Tax
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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
Sam
Sam
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If i work abroad wef april 2012 what will be my tax implications
If i work abroad wef april 2012 what will be my tax implications in the uk. I am being made redundant 31st march and looking at potential employment opportunities abroad. Also how will my redundanct p… read more
Tony Tax
Tony Tax
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High School or GED
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I took redundancy in June this year and was taxed on the month
I took redundancy in June this year and was taxed on the month 1 OT formula. My total redincdy pay was about £54k and I paid about £11k tax. After being made redundant I made a claim for JSA for two w… read more
Tony Tax
Tony Tax
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I am being made redundance on 31st March. My redundancy payment
I am being made redundance on 31st March. My redundancy payment will take my income over £150,000 for the year and therefore I will be in the 50% tax bracket. Should I ask for my redundancy payment to… read more
Tony Tax
Tony Tax
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High School or GED
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I have been offered early severance around March next year
I have been offered early severance around March next year with a redundancy payment of £55,489, a retirement grant of £58,565 and an annual pension of £21,123. My current annual salary is £41,719. Wo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi , I am potentially taking a redundancy package that I have
Hi , I am potentially taking a redundancy package that I have worked out is a sum total of 163,000. How do I work out what this will do to my tax situation and ow much I will get in my bank to decide … read more
Tony Tax
Tony Tax
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High School or GED
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I have volunteered for redundancy leaving probably at the end
I have volunteered for redundancy leaving probably at the end of september 2011 dependant on the quote received. This will be 21 months salary totalling 70,737. By the time I leave I will have worked … read more
Sam
Sam
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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
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Hi I am being made redundant 31st march 2011. I have been told
Hi I am being made redundant 31st march 2011. I have been told that the 1st £30k is tax free but the anything after that is taxed at 40%. However I have also been told that if my employers (Met Police… read more
Sam Pathak
Sam Pathak
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Master's Degree
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I was made redundant in the summer and my redundancy payment
I was made redundant in the summer and my redundancy payment has taken me into the 50% tax bracket. One consequence of this is that I have been told that I can only get 40% tax relief on up to £20,000… read more
Tony Tax
Tony Tax
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High School or GED
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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
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High School or GED
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I have been offered an early retirement package. I will recieve
I have been offered an early retirement package. I will recieve about £84,000 gross lump sum then an annual pension of about £45,000. I may have the choice of leaving March 2010 (ie this tax year) or … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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my tax code is 0649L if i receive a redundacy payment of 47000
my tax code is 0649L if i receive a redundacy payment of £47000 and the first £30000 is tax free how much tax will i pay on the remainder… read more
Tony Tax
Tony Tax
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High School or GED
7,089 satisfied customers
I,m in the process of being made redundant. I have the option
I,m in the process of being made redundant. I have the option to have my employmet terminated at the end of March or continue on my gardening leave until the end of April i.e. into the new tax year. I… read more
Mrs-Tax
Mrs-Tax
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Bachelor's Degree
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I am currently an employed higher rate taxpayer. I am due to
I am currently an employed higher rate taxpayer. I am due to be made redundant at the end of March, with a severance payment of some £42,000 (including the £30,000 tax free element. For the next year … read more
Tony Tax
Tony Tax
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