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bigduckontax, Accountant
Category: Tax
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I’m facing redundancy and have been offered PILON for my 3

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Hi, I’m facing redundancy and have been offered PILON for my 3 months notice. It is advantageous to me for this to be paid in the 2020/21 tax year. If I negotiate my exit date as 31/3/20 and my PILON is paid on 30/4/20, will that legally qualify as 2020/21 for tax purposes? Or does the exit date need to be on or after 6/4/20? Thanks
JA: Have you talked to a tax professional about this?
Customer: No
JA: Anything else you want the Accountant to know before I connect you?
Customer: No

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

That would fall within the 20/21 tax year.

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Thank you for your support.