1130 - Important Note

Redundancy and other lump sum and compensation payments

If all you have is a redundancy payment up to £30,000 against which your employer has allowed an exemption, please just enter the amount of the payment in the 'Compensation and lump sum £30,000 exception' field.

For example, if you received a redundancy payment of £10,000 it would be covered by the £30,000 exemption so do not make an entry in the 'Redundancy and other lump sum and compensation payments' field and enter £10,000 in the 'Compensation and lump sum £30,000 exception' field.

If your redundancy payment is more than the £30,000 exemption limit, enter the amount over the limit in the 'Redundancy and other lump sum and compensation payments' field, the tax deducted in the 'Tax taken off boxes above' field and the £30,000 limit in the 'Compensation and lump sum £30,000 exception' field.