What was the original excess settlement supposed to be?
GreenEyessays: 10 September 2015 at 0:46
Not sure re your tesponse. I got 3 months settlement. Tax was deducted I believe at the same tax rate as my salary for the year.
TaxTimsays: 11 September 2015 at 11:03
If the amount was due to settlement for loss of potential future income due to you parting ways then this has been correctly taxed as per the PAYE schedules. If the amount was for a retrenchment or severance package then it would be subject to the special tax tables.
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