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If I quit tomorrow

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
yellowbelly
Posts: 3646
Joined: 23 Jun 2015, 15:51
Gender: Male

Re: If I quit tomorrow

Post by yellowbelly »

Jefferson Starfish wrote:
01 Aug 2023, 16:51
fallenworld2022 wrote:
01 Aug 2023, 16:43
if u left the now u would hardly get any lump sum as its 40 per cent taxed if u leave the now so ive heard lucky if u get £500
And why would it be taxed at 40% if you leave?
This very thread courtesy of Postman, not sure where it's from but it looks official, obvs you'd get it back
at some point but I would imagine you'd have to put some leg work in with HMRC and good luck with that
at the moment!:
POSTMAN wrote:
24 Jul 2023, 22:42
To receive the pay rises and lump sum, colleagues will need to be employed by Royal Mail on 4 August 2023

Employees who leave after 4 August 2023 who are still eligible for this lump sum will be placed onto an emergency tax code by HMRC. As such they will see deductions of around 40% on this amount.
fallenworld2022
Posts: 149
Joined: 12 Jul 2022, 15:11
Gender: Male

Re: If I quit tomorrow

Post by fallenworld2022 »

i dont know i dont make up the rules