Increase the £30,000 tax-free limit on settlement agreements
The £30,000 tax-free limit on settlement and redundancy payments has not increased since 1988. We think it should be raised to reflect inflation and indexed each year, to ensure fair treatment for workers facing job loss or redundancy.
Pat McFadden
Work & Pensions Secretary
Similar motions
Increase the personal tax-free allowance to £26000
Increase the personal tax allowance for single adult households to £15,000
Raise the standard tax-free Personal Allowance to £45,000
Increase the Luxury Car Tax threshold to £50-55,000
Raise the income tax personal allowance from £12,570 to £20,000
Increase the £30,000 tax-free limit on settlement agreements
The £30,000 tax-free limit on settlement and redundancy payments has not increased since 1988. We think it should be raised to reflect inflation and indexed each year, to ensure fair treatment for workers facing job loss or redundancy.
Similar motions
Increase the personal tax-free allowance to £26000
Increase the personal tax allowance for single adult households to £15,000
Raise the standard tax-free Personal Allowance to £45,000
Increase the Luxury Car Tax threshold to £50-55,000
Raise the income tax personal allowance from £12,570 to £20,000