Settlement Agreement Lawyers & Solicitors – Redundancy

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Basic Rate of Tax

February 16th, 2009 · No Comments · Basic Rate of Tax, Compromise Agreements

You will only pay basic rate of tax on your compensation (redundancy pay) over £30,000.00.  Please rememebr that your payment in lieu of notice would be taxed in the normal way i.e at  your normal tax rate.

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