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Redundancy Pension Diversion - PILON

Answer
jakinvegas jones
Posted Thu, 12 Sep 2024 05:34:07 GMT by jakinvegas jones
Is it possible to divert money from a redundancy payment into my workplace DC pension? Is there a different between doing this from PILON or the ex-gratia payment itself? I believe the ex-gratia payment beyond 30k does not attract NI. So presumably it's better to divert from PILON. Is there anything else to be aware of here? For example a rule that reduces the 30k tax free part. https://techzone.abrdn.com/anon/public/pensions/tax-and-redundancy
Answer
HMRC Admin 32 Response
Posted Fri, 20 Sep 2024 09:44:24 GMT by HMRC Admin 32 Response
Hi,
Either can be added to your pension scheme. We cannot advise which is better.
Thank you.

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