JoP

I understand £30k of Redundancy money is tax-free, but if you were to receive more than that, are you able to pay the excess into a Pension yourself (as opposed to your Employer paying it in) - and claim back the tax paid on it? For example, if you received £50k Redundancy pay, £30k would be tax free and £20k would be taxed - but then you decided to pay £20k into your pension yourself - would it be possible to claim back the tax paid on the £20k? Thank you for your help!

Hi there, I understand that £30,000 of Redundancy pay is tax free. However, if your Redundancy pay exceeds this, and you ask your employer to pay some additional money into your Pension, would that money be treated separately from the tax-free £30k? For example, if you were due £50k Redundancy pay, and you asked your employer to pay £10k into your Pension, would the result be: - £30k tax free - £10k tax-free contribution to your pension - £10k is taxed Thank you for your help!