Is my redundancy calculation correct?

Ndiddy

Registered User
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240
10 years at company (therefore standard exemption is 17810)
80k gross redundancy

80k-15k Statutory = 65k
65K-17810 standard exemption = 47190 is the taxable part of my redundancy?

Then as long as I make the AVC before I my last day of work, I can contribute 25% ( as a 45 Year old) of 47190 as a lump sum contribution seeing as it will be taxable?
 
You also have the increased exemption of another 10k unless you had a termination payment just before you started 10 yrs ago?
Have you checked scsb doesn't give a higher tax free.
Your max statutory with 10 yrs would be 12.6k, not 15k
From above you also need to deduct the present value of the tax free lump sum from the pension.
Have you maxed pension for last years income - there is still time
 
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