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!
Ill Health Retirement
-
blondieb
- Posts: 12
- Joined: 07 Aug 2010, 16:03
- Gender: Female
Ill Health Retirement
Is all of the I'll health payment tax free
-
k979aaa
- Posts: 12578
- Joined: 03 Sep 2007, 19:14
- Gender: Male
- Location: THE NORTH
Ill Health Retirement
Depends on your earnings same with any shares.blondieb wrote:Is all of the I'll health payment tax free
-
RobertT
- EX ROYAL MAIL
- Posts: 6702
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Ill Health Retirement
As far as I'm aware IHR with lump sum is tax free but the PILON is taxable.
If you're given IHR you can either keep or sell your free shares without any tax or NI to pay.
If you're given IHR you can either keep or sell your free shares without any tax or NI to pay.
Links to all RM pension related websites are here