Bigduke
Joined: 4/30/2024
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Income tax on final pay including bonus
I will be completing a fixed term contract at the end of June 2024. My final monthly pay of approx £12,500 will have an additional completion bonus of £12,500. I will be out of work following this and may not work again for the rest of the year. Will I be taxed heavily on this final payment and if so, when would I expect to have the excess income tax repaid? I live in Scotland.