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Tax on redundancy payments

Redundancy payments are payments compensating an individual for the loss of their job.

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Redundancy pay safeguarded for furloughed workers

From 31st July, employees who are furloughed and face losing their jobs will be eligible for a redundancy pay-off based on their normal wages – not their furlough salary.

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Read our expert answers to your Redundancy Payments questions

Tax on redundancy payments

I have just been told that I am being made redundant in a couple of months and that my redundancy package is going to be £50,000 and the gift of my company car. I am really worried about my finances,...

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Redundancy Pay for a Company Director

I recently ceased my Limited Company business and made all of my employees redundant. As I was dealing with the day to day running of the company am I also entitled to redundancy pay?

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Redundancy Payments

I have just been made redundant and my employer has offered me a redundancy package of almost £80,000. The managing director has told me that I will get £30,000 of this tax free and asked if I would l...

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