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Chapter 11
Redundancy payments and tax
[ch 11: page 459]Redundancy pay (both statutory and contractual) is tax free up to £30,000. However, employees and reps must be cautious. “Emoluments”, such as wages or notice pay, within any settlement are taxable as earnings (Richardson (Inspector of Taxes) v Delaney [2001] IRLR 663). Negotiators should take professional advice if in doubt. In April 2018, the tax treatment of payments in lieu of notice changed. See Chapter 10, page 356.