sakeden
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RE: Child Benefit and Redundancy
Hi, I have the same query and the above answer isn’t clear. I earn circa £68k per year prior to pension deductions in my current role. I received a redundancy payment from my ex employer in May of £30k of which was taxed appropriately under PAYE. My question - should I count the redundancy payment towards my income this year ? which would mean that the Higher Income Benefit charge applies, as it would put me over £80k for the year.