I have a family member that is about to be made redundant. He thinks he will get approx 25K as a redundancy payment and was wondering,
(a) Is he liable for tax on the 25K?
(b) Will he be able to claim his full jobseekers allowance or is his redundancy taken into account for means testing?
Any comments welcome.
(a) Is he liable for tax on the 25K?
(b) Will he be able to claim his full jobseekers allowance or is his redundancy taken into account for means testing?
Any comments welcome.