Re: Redundancy
Posted: Mon Sep 30, 2024 1:36 pm
When I've been involved in this before, the company had to be prepared to create a paperwork trail as if you'd been made redundant to avoid tax, but that was 12 years ago.Rich B wrote: ↑Mon Sep 30, 2024 1:32 pmIm just reading up - i’ve had PILON before, at a company that i’d only been at <6 months and it was tax free (it was a good chunk of my first house deposit). not sure now…Swervin_Mervin wrote: ↑Mon Sep 30, 2024 1:29 pmWhy would payment in lieu of notice be tax free? Redundancy Payments are tax free, but afaia pilon is just treated as salary.
