Are contractual redundancy payments taxable? 1.61K viewsTax0 Guest60 0 Comments Am I going to get taxed for the redundancy payment that I received? It was the minimum contractual payment so nothing extraordinary. 1 AnswerActiveVotedNewestOldest 0 Guest60 Posted 0 Comments In the UK, there is a tax free £30k limit. Everything below that has zero tax impact. Everything above that is taxable. In the US, the whole redundancy payment is taxable unfortunately. Register or Login Search for:
