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IHR lump sum

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postie59
EX ROYAL MAIL
Posts: 19
Joined: 26 Jan 2009, 20:05
Gender: Male

IHR lump sum

Post by postie59 »

Hi wondered if any of you guys could advise. ive just been released due to IHR (not fit to work within certain time perios). I already took my pension benefits earlier this year when i turned 60. I got the usual 34 weeks tax free and 12 week lieu of notice which i expected. however, i have received a statement of pay and tax for year 2011 (still waiting on P45) and the lump sum has been added to the assessable pay amount. i knew the pay in lieu would be added but didnt know whether the lump sum should have been. any advisors out there.
keithposty
Posts: 918
Joined: 22 Feb 2011, 11:44
Gender: Male

Re: IHR lump sum

Post by keithposty »

the 34 weeks ihr figure is tax free

the pylon figure will be taxed

pay in lieu of notice
keithposty
Posts: 918
Joined: 22 Feb 2011, 11:44
Gender: Male

Re: IHR lump sum

Post by keithposty »

its prob because we are still in the 2011 tax year

speak to the royal mail tax office

i believe its the portsmouth office

speak to royal mail payroll as well
Wessex
EX ROYAL MAIL
Posts: 1267
Joined: 10 Jul 2007, 17:20

Re: IHR lump sum

Post by Wessex »

Postie59 ,I'm waiting on IHR, could I ask you how long it takes from getting your estimate for IHR to actual amount with leaving day ?

Did you have any disputes over holidays/days in lieu owed after receiving your final figure and if so how was this rectified ?

Thanks in advance Wessex .
Last edited by Wessex on 12 Oct 2011, 15:06, edited 1 time in total.
mazza111
EX ROYAL MAIL
Posts: 877
Joined: 09 Mar 2010, 16:30
Gender: Female

Re: IHR lump sum

Post by mazza111 »

As said above, it's accessible pay but it's not taxed. Should have pay in lieu of holidays too if you have any left :)
keithposty
Posts: 918
Joined: 22 Feb 2011, 11:44
Gender: Male

Re: IHR lump sum

Post by keithposty »

IF YOU ARE OFFERED IHR TODAY
THE MANAGER HAS ALL THE FIGURES AND ITS SIGNED OFF THEN YOU WILL LEAVE THE BUSINESS AT THE END OF YOUR MEETING

PAYMENT INTO YOUR BANK ACCOUNT TAKES ON AVERAGE 2 TO 3 WEEKS

lieu of holidays too

ANY OUTSTANDING HOLIDAY IS ALSO TAXED
mazza111
EX ROYAL MAIL
Posts: 877
Joined: 09 Mar 2010, 16:30
Gender: Female

Re: IHR lump sum

Post by mazza111 »

Didn't happen that way with me. I got the proposal through with a last day of service printed on it. I could agree or appeal, desperate to get out, i agreed :) Then had a few days holiday to take that they hadn't taken into the agreement. Bank holidays that had been worked etc. I even worked the late Wednesday and Saturday on overtime even tho there was no job there for me :crazy:
Wessex
EX ROYAL MAIL
Posts: 1267
Joined: 10 Jul 2007, 17:20

Re: IHR lump sum

Post by Wessex »

mazza111 wrote:Didn't happen that way with me. I got the proposal through with a last day of service printed on it. I could agree or appeal, desperate to get out, i agreed :) Then had a few days holiday to take that they hadn't taken into the agreement. Bank holidays that had been worked etc. I even worked the late Wednesday and Saturday on overtime even tho there was no job there for me :crazy:
Was that in the caller's office Mazza ?
mazza111
EX ROYAL MAIL
Posts: 877
Joined: 09 Mar 2010, 16:30
Gender: Female

Re: IHR lump sum

Post by mazza111 »

yep :) I was one of the rarities that hadn't had much time off from my injured knees as there was plenty of indoor work in our office, mainly streamline, for the whole area, they decided this was going so went into callers office where I was needed, but as it wasn't possible for me to do a duty.....

Don't get me wrong, I was still desperate to get out, I managed in the callers office, but went home in agony at the end of each shift, but if I had been out on a duty then i dare say I would have had a lot more time off sick.
Wessex
EX ROYAL MAIL
Posts: 1267
Joined: 10 Jul 2007, 17:20

Re: IHR lump sum

Post by Wessex »

You have my sympathy Mazza , people forget you are going to do a hell of a lot of moving and bending getting parcels for customers , not exactly ' light duties ' in my opinion.
mazza111
EX ROYAL MAIL
Posts: 877
Joined: 09 Mar 2010, 16:30
Gender: Female

Re: IHR lump sum

Post by mazza111 »

As I said, I didn't mind it because it kept me in a job when I couldn't go out on a duty. But yes, if I had my time to do over again, I would have went sick with my knees rather than try to play ball with them.