Tax Allowances: Redundancy Pay

Charles Walker calls for an increase in the £30,000 tax free limit for redundancy payments.

Mr. Walker: To ask the Chancellor of the Exchequer if he will increase the £30,000 tax free limit for redundancy payments. [267852]

Mr. Timms: As with all taxes, the threshold at which tax is paid on redundancy payments is kept under review.

 

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