ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

VR QUERY

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
mags999
Posts: 372
Joined: 25 Jun 2016, 11:05
Gender: Male

VR QUERY

Post by mags999 »

Just wondering if this is tax free or Is tax payable on it . has anyone taken vr and been taxed on it at a later date cheers.
Top
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: VR QUERY

Post by RobertT »

Redundancy payments below £30k should be tax free.
Links to all RM pension related websites are here
Top
mags999
Posts: 372
Joined: 25 Jun 2016, 11:05
Gender: Male

Re: VR QUERY

Post by mags999 »

Thanks robert wasn't sure due to it being voluntary :thumbup
Top
gregs1940
Posts: 7
Joined: 14 Nov 2011, 12:15
Gender: Male

Re: VR QUERY

Post by gregs1940 »

its tax free u shud get it the week of ur final employment just like i did :nana :Very Happy
Top
denowashere
Posts: 73
Joined: 07 Jun 2023, 14:42
Gender: Male

Re: VR QUERY

Post by denowashere »

Just a warning for people over 60yrs of age you don't get the same redundancy pay, a chap at our office who was 62 had the shock of his life, being at RM for 42yrs was only offered £2,800 yes you read it right being over 60yrs f____s you , when he asked why is it so low he was told by the interviewing manager that it was a agreement with the union years ago he took IHR 2 month's later and you know that's more than £2,800.
Top

Return to “BLUE SHIRTS”