kickinit wrote:Q. wrote:Having my severance pay taxed at 31.5%
I thought severance pay was tax free. The only part you should pay tax on is any holidays owing to you.
Depends how it's classified. What's known as 'Genuine Redundancy Payments' are tax free, however, an 'Employment Termination Payment' is slightly different and taxed at 31.5%.
Yes, apparently losing your job and losing your job are two different things.
The Sleeping Giant wrote:And?
It gives me the shits.




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