Tax on redundancy, salary only 10k

paperclip

Registered User
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336
Hi guys.

I'm on an incentivised career break, and was given a 10k lump sum.

I've now been offered a redundancy package, which I plan to take.

My question, if I've only earned 10k this year, will this be taken into account when I get my redundancy lump sum?

I don't know the exact number, but I think you don't start paying tax until you earn over 18k?
 
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