PILON - Tax

pilonpi

New Member
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1
Hi,
I have handed in my notice and my contract requires me to give 2 months notice which I have.
Employer has offered to pay it early as PILON.
Does this mean a higher tax upfront on the combined amount -v- if it was paid out over the 2 months?
Granted I can reclaim the tax etc at some point but with no job lined up, I'd prefer to stretch the wages.

Thanks!
 
Ask your employer to pay you via payroll for the last 2 months. Effectively they just want you not in the office rather than off the payroll and never heard of again.
 
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