Redundancy Payout Tax-Free Status Questioned by Consultancy Work
UKPulse Money Desk
The tax-free status of a £30,000 redundancy payout may be at risk if an individual works as a consultant for their former employer.
- A £30,000 redundancy payout's tax-free status is being questioned.
- The individual plans to work as a digital marketing consultant.
- Consultancy work has been secured with a rival to the former employer.
The tax-free status of a £30,000 redundancy payout could be jeopardised if an individual takes on consultancy work for their former employer. The individual has decided to establish themselves as a digital marketing consultant.
They have secured a few days of work per week with a rival company to their previous employer.