Redundancy Package on Self Assessment Form

Apologies as I know this has been covered in various ways, but Im struggling to get this 100% right. I was made redundant last tax year, in the October. I started working again in the January. So I had two employers all tax year. For Employer A, my P60 shows a sum of (X) for my total income. This includes the redundancy payment, which was £30k. I also recieved PILON. I paid a tax sum of (Y). is my understanding of this correct: In the box for Employer A income, I put the value of (X) minus the £30k but inclusive of the PILON value and then in the tax paid I include the full tax amount? Then, in other income, I put the £30k. The redundancy package was a straight £30k so nothing else to add in the "above £30k" bracket. And then Employer B, I just put the standard details? When I do this, my final calculation ignores the £30k as income, which I believe is right as it is ex gratia and doesnt attract tax?

Hi,

That is correct. The 30k exemption should be shown at the quesiton, compensation and lump sums payments up to the £30,000 exemption. 

Thank you.