Bonus from a former employer

I have left employment in October 2023 but am due to receive a bonus in the new tax year (April 2024) from my former employer. I am currently unemployed and likely to be unemployed in April too when I receive the bonus. Will I still be taxed on this payment despite having no income?

Hi,

If you receive your bonus through PAYE, then this will be taxed after a month's worth of allowances have been applied. When you begin working again, any tax overpaid as a result of unused allowances and rate bands will be refunded through your wages.

Alternatively, you can claim a tax refund while unemployed by completing a P50, though some conditions may apply.

You can find more advice here:

Claim back Income Tax when you've stopped working (P50)

Thank you.