Hi all,
I have a client with redundancy pay during the year. Taxfiler (software) seems to be doing something odd with the tax calculation, and I can't find a way of checking it independently.
For one thing, the savings allowance is not showing for the small amount of bank interest. Odd??
Secondly, it is picking up a figure for 20% tax which is higher than income less personal allowance. (Overall income is only £12.5k, including around £6k redundancy i.e. £36k less tax received, Taxfiler is taxing £4.5k at 20%)
Any quick answers? I've emailed Taxfiler and will see if they respond tomorrow.
Thanks,
Fiona
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