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How to claim your tax back when you ve been made redundant By admin in Household Bills Useful guidesOctober 1 20200 If you have been made redundant it s highly likely you will be eligible for a tax refund Tommy McNally founder of the Tommy s Tax app explains how to claim money owed
Here s how it works You get statutory redundancy pay as a minimum provided you ve worked for your employer for two years or more The limit is currently 700 a week if you ve were made redundant on or after 6 April 2024 This
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Tax credits Council Tax Reduction and Housing Benefit If you get a Council Tax Reduction or Housing Benefit you must tell your council when you are made redundant This is called a change of circumstances Council Tax Reduction and Housing Benefit are means tested benefits
Tax Credits Redundancy payments and Tax Credits Other financial support This advice applies in England Wales and Scotland If you live in another part of the UK the law may differ Please call our helpline for more details
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Updated on 6 April 2024 Redundancy Are you likely to lose your job Do you want to know how your redundancy package will be taxed and whether you will need to pay any National Insurance contributions NIC on it What if you get items other than money or if the payment is delayed
The first 30 000 of any redundancy pay is tax free This amount includes any non cash benefits that form part of your redundancy package such as a company car or computer
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https://www.moneysavingexpert.com/family/redundancy-help
Here s how it works You get statutory redundancy pay as a minimum provided you ve worked for your employer for two years or more The limit is currently 700 a week if you ve were made redundant on or after 6 April 2024 This
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https://www.moneyhelper.org.uk/en/work/losing-your...
Were you dismissed or made redundant part way through the tax year Tax years start on 6 April and end on the following 5 April Were you employed and paying tax through PAYE Pay As You Earn Are you still out of work How much you can get back will depend on how much you earned since the tax year started
Here s how it works You get statutory redundancy pay as a minimum provided you ve worked for your employer for two years or more The limit is currently 700 a week if you ve were made redundant on or after 6 April 2024 This
Were you dismissed or made redundant part way through the tax year Tax years start on 6 April and end on the following 5 April Were you employed and paying tax through PAYE Pay As You Earn Are you still out of work How much you can get back will depend on how much you earned since the tax year started
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