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 got a NT IPA should finish end of tax year
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m88
Junior Member



159 Posts

Posted - 08 September 2009 :  19:22:50  Show Profile  Visit m88's Homepage  Reply with Quote
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

gettingoutofdebt
forum expert



2418 Posts

Posted - 08 September 2009 :  19:50:05  Show Profile  Reply with Quote
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.
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m88
Junior Member



159 Posts

Posted - 08 September 2009 :  20:45:33  Show Profile  Visit m88's Homepage  Reply with Quote
thanks again for all your trouble.

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ripski
New Member

United Kingdom
90 Posts

Posted - 08 September 2009 :  21:06:53  Show Profile  Reply with Quote
What does NT stand for.?

ripski1
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gettingoutofdebt
forum expert



2418 Posts

Posted - 09 September 2009 :  07:45:33  Show Profile  Reply with Quote
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.
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