As of October 2011, redundancy pay under £30,000 in the UK is not taxable.
More information on whether elements of the payment, such as pay in lieu of notice (PILON), is taxable is available from HM Revenue and Customs.
Pay in lieu of notice is money paid to you by your employer as an alternative to being given your full notice.
More information on whether elements of the payment, such as pay in lieu of notice (PILON), is taxable is available from HM Revenue and Customs.
Pay in lieu of notice is money paid to you by your employer as an alternative to being given your full notice.
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