Are contractual redundancy payments taxable? 664 viewsMay 7, 2013Tax 0 Guest60 May 7, 2013 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 Answer ActiveVotedNewestOldest 0 Guest60 Posted May 7, 2013 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. You are viewing 1 out of 1 answers, click here to view all answers. Register or Login Search for:
