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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
Sam
Sam
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With regard to the new legislation announced in the budget,
With regard to the new legislation announced in the budget, if I take my full stake holder pension (approx £40000) what are the tax implications ? I presume I would get 25% as a tax free sum, but woul… read more
bigduckontax
bigduckontax
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I am retiring shortly from the charity I set up 30 years ago.
I am retiring shortly from the charity I set up 30 years ago. My trustees wish to make me a goodbye payment of £65k, partly in recognition that I have been underpaid over the years and they have appoi… read more
TaxVince
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I am currently in negotiation with my employer concerning a
I am currently in negotiation with my employer concerning a potential buy out of a 5-year fixed salary agreement I have with them (I'll be at the end of the first year in April). A one-off payment of … read more
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I HOPE TO RETIRE AT 60 FROM THE NHS WITH AN ESTIMATED PENSION
I HOPE TO RETIRE AT 60 FROM THE NHS WITH AN ESTIMATED PENSION OF 14,000 AND LUMP SUM OF 96.000, WHAT KIND OF TAX AM I LOOKING AT LIKLY PAYING… read more
Tony Tax
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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
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Hi. I am taking voluntary severance, which amounts to about
Hi. I am taking voluntary severance, which amounts to about 80K, in addition I am in a company pension, which I will be taking a lump sum from and a reduced pension. I am told the first £30k of VS is … read more
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
6,731 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
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I am taking voluntary early redundancy from the civil service
I am taking voluntary early redundancy from the civil service on 31/03/2011 aged 49. I have a 100k mortgage and a civil service pension. The compensation payment will be approx. 80k (gross). Would I b… read more
Sam
Sam
Accountant
Higher Officer HMRC
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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
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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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Hello I hope you can advise me on the best course of action
Hello I hope you can advise me on the best course of action in taking my small local govt pension at age 60. The sums predicted in leaving it until I'm 65 are so small it would seem ludicrous not to t… read more
Sam
Sam
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Higher Officer HMRC
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Hi, I have received a redundancy lump sum of approx 25K (tax
Hi, I have received a redundancy lump sum of approx £25K (tax free) from fujitsu and have applied to take government pension early with another lump sum of £29k plus £6k per annum. I have been told th… read more
Tony Tax
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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
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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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a lump sum or yearly pension or some combination of reducedlump
a lump sum or yearly pension or some combination of reducedlump sum and increased pension. She has no sizable savings, owns her house with approx £40000 mortgage outstanding.… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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I am negotiating a Voluntary Severance at my request with my
I am negotiating a Voluntary Severance at my request with my employer it is not redundancy. A Compromise Agreement is in place but they quote. The parties understand that in accordance with Chapter 3 … read more
Sam
Sam
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Higher Officer HMRC
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