Blue n White Rover Posted December 4, 2011 Posted December 4, 2011 I'm in my final year of University at the moment and been handed a tax assignment. In my scenario, there is a redundancy payment of £45,000. Now we have 2 options. 1. Take a job from another company in London 2. Go self-employed. In the first option, our lecturer told us to tax £15,000 as the first £30,000 is exempt. Now in the second option, he has a Projected tax adjusted income of £90,000. Do I add the £15,000 to this figure, taking the total income up to £105,000. Or do I not include the redundancy payment in the self-employment option? Any help is greatly appreciated. Thanks in advance.
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