New redundancy tax rules

Book a Free Consultation
Or call us on 01604 660661

 New redundancy tax rules

The Mail reports that from 2018 workers who receive extra cash for redundancy in the form of payment in lieu of notice will have to pay income tax and national insurance on this award. Currently, employees receiving under £30,000 do not have to pay. The paper says the new rules were buried in the Autumn Statement last month.

Source:   Daily Mail (07/12/2016)

Follow Us