23 articles tagged with Redundancy.
Statutory notice periods, PILON tax treatment, garden leave rights, the £30k tax-free threshold for termination payments, and how settlement agreements work in 2026.
How settlement agreement payments are taxed in 2026 -- the £30,000 tax-free exemption, PENP formula for notice pay, payments in lieu of notice, and PILON tax rules.
A plain-English walkthrough of the Post-Employment Notice Pay (PENP) formula HMRC uses to tax PILON, why it exists, and how it interacts with the £30,000 tax-free termination payment threshold in 2026/27.
What actually happens financially in the weeks between being made redundant and your first Universal Credit payment landing — the waiting period, how redundancy pay is treated, advances, and the gap most people don't plan for.
Which tax year a redundancy payment lands in can change how much tax you pay on it. What to check if your redundancy date falls in December, and why the £30,000 exemption doesn't cover everything.
How the tax picture works in your first year when redundancy pay funds a move into self-employment: the tax-free redundancy limit, mixing PAYE and self-employed income, and payments on account.
At 55 (rising to 57 from 2028) you can access a private pension alongside a redundancy payment. The tax interaction between redundancy pay, pension withdrawals and the MPAA in 2026/27.
PILON is taxed differently from the statutory redundancy payment itself. How Payment in Lieu of Notice is treated for tax and National Insurance in 2026/27, with worked examples.
Some employers offer to split a large redundancy payment across two tax years or two instalments. Whether this genuinely reduces the tax owed, and the rules that determine when it works, in 2026/27.
Can you be made redundant during a probation period in the UK? What statutory redundancy pay, notice pay and protections apply — and which don't — for employees dismissed while still on probation in 2026.
Fixed-term employees have almost the same statutory rights as permanent staff, plus specific protections against less favourable treatment and against repeated renewals. Here's the full picture for 2026.
Employees on maternity leave (and now extended protected periods) get priority over other employees for suitable alternative vacancies during redundancy. Here's how the protection works and what a breach looks like.
