Thank you, ***** ***** I had received the amount on my original redundancy payment I would have added to my pension (tax free). I have been advised I can no longer do this. My assumption, then it is not then the same payment and as such should be treated ex gratia and indeed tax free. Again , I stress my ignorance of the subject, however this is what I was orignally advised by my solicitors?
Thank you once more, one last question, the agreement I have been asked to sign is a Settlement reached as a result of conciliation action, I would have been unlikely to agree (if not firstly advised it would be Tax free), is there any scenario where I should reveive tax free because of what is definetly Age Discrimination, agreed by all parties as this was the reason the Union, Solicitors took the case on and the bank accepted my grievance. Sorry for the continued questions, I am just a bit annoyed with the advice from my solicitors, your support has been very helpful.
Thank you, ***** ***** I did not make the position clear. When I received settlement I was advised if I had been 4 months younger I would have received almost £50k more. As a result I was advised to lodge a grievance under the heading of age discrimination. The result was agreement signed under this grievance. However if what you say is factual, I am not clear as to why the respondant have
stated the settlement will be subject to the deduction of income tax, apparently stating they do not agree with the solicitors that it should be paid with out tax despite the case being age discrimination. My concern is that I appear to be being left to accept with out knowledge or expert advise on the view of HMRC. I really appreciate your responses, however I am still slightly concerned, your thoughts that it should be tax free appears to agree with my solicitors first advise, but I am left having to take the payment after tax and then (I think) slug it out with HMRC while not having been directly involved with discussions on the agreement until the agreement advise which suggested it will be taxed by the bank. Really sorry for the log winded reply, if there is you have any other thoughts, suggestions, I would really appreciate, you have been helpful and confirmed my resolve to fight on,, but any other pointers would be great.
Thank you, ***** ***** accepting I will endevour to receive confimation of the wording. As far as I am aware, the bank have agreed to settle my grievance which was solely submitted as age discrimination and has not changed at any point as far as I have been led to believe. The banks offer at just a few hundred pounds short of £30k suggests they to are aware of the tax situation, so assuming the wording states Age Discrimination, hopefully it wiil result in Tax free or my ability to reclaim.