Redundancy and Early Retirement

Bainbridge Tax Consulting works with clients to understand the taxation and net money receivable from employment termination packages in the event of redundancy or early retirements.

Our services to employees include:

  • Review of the tax applied by your employer to different payments
    • Pay in Lieu of Notice (aka PILON)
    • Contractual bonus payments
    • Holiday pay
    • Statutory redundancy
    • Ex-gratia payments
  • Advice regarding the reliefs available
    • Exemption applying to statutory payments
    • Basic exemption
    • Increased exemption
    • Standard Capital Superannuation Benefit (SCSB)
  • Advice relating to subsequent top-slicing relief and assistance with applying for the relief if required