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Original poster

Does anyone know about voluntary redundancy, saving and tax credits?

6 replies

Aimsmum · 31/08/2006 16:23

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Original poster
Aimsmum · 31/08/2006 21:32

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hana · 31/08/2006 21:42

think it does count as earnings - don't think you can hide it away - wouldn't it show up on your p60 or p45 at end of year? I know

bonuses etc are always counted as income which isn't always nice either and is fully taxed

Original poster
Aimsmum · 31/08/2006 21:46

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hana · 31/08/2006 21:47

dunno......can you speak to a financial advisor about the different scenarios and what to look out for?

LunarSea · 01/09/2006 08:07

The first £30K of redundancy payments are tax free - i.e. not counterd as earnings. So you wouldn't pay tax on it. AFAIK WFTC doesn't take into account savings, so you should be ok on that front too.

Original poster
Aimsmum · 01/09/2006 20:08

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