Tax threshold

[Snadger]

I may be applying for either Severance or Redundancy and taking early retirement.

What I've been trying to find out is, will my pension lump sum be treated separately to my Severance /Redundancy payment?

The reason I ask is that combined, they will be over the £30,000 threshold for Tax but individually they will be below the taxable threshold.

I'm sure one of the money savvy grapes can enlighten me!

[Bigmallly]

According to this, you won't get any redundancy pay if you take early retirement.

https://www.moneyadviceservice.org.u...-of-redundancy

[Hazel at the Hill]

I'm sure one of the money savvy grapes can enlighten me!

Sorry, Snadge - I don't think that financial advice can be given unless it is by someone registered as an FCA. You should be offered advice by your employer (or rather, an independent person appointed by your employer), otherwise talk to the Citizens Advice.

https://www.citizensadvice.org.uk/de...ancial-advice/

[veggiechicken]

Hazel's right, we're not the right people to advise you on something so important. Now if you wanted to know when to sow your lettuces we could have a good guess.
So, before you're told anything that could be misleading, I'm going to close the thread.
Good luck, Snadger, I got out early and haven't regretted it for a minute.