ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
IHR lump sum
-
postie59
- EX ROYAL MAIL
- Posts: 19
- Joined: 26 Jan 2009, 20:05
- Gender: Male
IHR lump sum
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
the 34 weeks ihr figure is tax free
the pylon figure will be taxed
pay in lieu of notice
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
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
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
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 .
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
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
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
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
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 
-
Wessex
- EX ROYAL MAIL
- Posts: 1267
- Joined: 10 Jul 2007, 17:20
Re: IHR lump sum
Was that in the caller's office Mazza ?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
-
mazza111
- EX ROYAL MAIL
- Posts: 877
- Joined: 09 Mar 2010, 16:30
- Gender: Female
Re: IHR lump sum
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.
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
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
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.