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MrRS090(Newbie)Newbie
29 Jan 2024

Hi,

I have recently received a redundancy package from my employer. One of the termination payments which were taxed is known as an "PAYG on ETP-Type O". I am told this is for the notice in lieu payment i received.

What is the current rate of tax for notice in lieu if my termination of employment is due to a genuine redundancy?

Is it 32% as a flat rate or does it vary?


Any advice will be appreciated.


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