Settlement Agreement - what tax will I pay

I have raised a claim against my employer for disability discrimination. ACAS say they have offered £50,000 subject to terms to settle the employment tribunal claim (I would remain their employee). Is it possible to get advice on the tax implications (they haven’t broken the offer down any further) - as I am a higher rate tax payer and sill employed would I have to pay 40% tax on the full amount?

Hi ,
 

Please refer to : Income Tax rates and Personal Allowances  . HMRC cannot offer any financial advise on this  .

Thank you .