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T O P I C R E V I E W
m88
Posted - 08 September 2009 : 19:22:50 got a NT IPA should finish end of tax year,i could have chance of taking redundancy just before this ends ,if i am discharged by then,could any redundancy payment be affected by the nt ipa -cheers
4 L A T E S T R E P L I E S (Newest First)
gettingoutofdebt
Posted - 09 September 2009 : 07:45:33 Nil Tax. This means that you don't pay any income tax but would pay it to the OR instead and they would use it to pay your creditors.
ripski
Posted - 08 September 2009 : 21:06:53 What does NT stand for.?
ripski1
m88
Posted - 08 September 2009 : 20:45:33 thanks again for all your trouble.
gettingoutofdebt
Posted - 08 September 2009 : 19:50:05 If you have a redundancy payment before you are discharged this would be considered a windfall and at least part of it would be taken by the OR.
If you have been discharged then the NT IPA only affects your tax so windfalls are not included. The NT IPA would automatically end when you left your employer and took redundancy.
