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Redundancy: Taxation

Volume 487: debated on Monday 2 February 2009

To ask the Chancellor of the Exchequer in what year the redundancy pay tax-free threshold was set at £30,000. (252437)

The £30,000 tax-free threshold has applied since 1988. The level of the threshold is kept under review, but evidence indicates that the current level exempts a large majority of redundancy payments from tax.