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Threshold of tax free redundancy pay to be raised from £30000 to £60000

Submitted on Monday 11th May 2020

Rejected on Thursday 23rd July 2020

Current status: Rejected

Rejection code: fake-name (see below for details)

Petition Action

Threshold of tax free redundancy pay to be raised from £30000 to £60000

Petition Details

Currently up to £30,000 of redundancy pay is tax free. Given it is and will be a very difficuilt job market this threshold should be increased to £60000 or completely tax free.

Additional Information

Given the current circumstances with COVID19 lot more people are going to lose their jobs relying completely on the redundancy money they will receive. It will take a lot longer for someone to find alternative employment and therefore this move will help all those individuals to live on the redundancy money for a little bit longer instead of making a claim for Unemployment benefits. This will also help their families and be able to cope for a few more months during these unpresidented times.


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This petition was rejected

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