The state of the nation.

If you’re unlucky/lucky enough to be facing redundancy soon, with a big severance payment, you might well be expecting your money on 31 March? It seems to be a popular date.

Take great care in advance if you’ve got any tax planning in mind: The last day of the tax year is 1 April this year (because of the Easter bank holidays).

This could make a huge difference if you’re facing 40% tax on severance pay.  It’s quite easy to do that because your redundancy sits on top of a whole year’s income, especially if you don’t expect to pay 40% tax in the new tax year.

So what?
Plan carefully. Take advice if you need it.

Uncategorized, What's on my desk right now pension contribution, redundancy, severance, tax