Early day motion tabled by primary sponsor Howard Stoate (Labour), on Tuesday, 10 March 2009, in the House of Commons. It is signed by 60 members in total.

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TAX-FREE THRESHOLD FOR REDUNDANCY PAY

That this House calls on the Government to undertake an immediate review of the tax-free threshold for redundancy pay which has remained fixed at ??30,000 since 1989; notes that increasing the threshold to ??50,000 as recommended by the TUC would bring it up to the level it would have been had it been up-rated in line with inflation since 1989; and further notes that many people currently required to pay tax on their redundancy payments are older employees who have been with the same employer for a substantial period of time and may need to pay for retraining in addition to their everyday costs before they are able to find new employment.

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Secondary information

Type

Early day motion

Reference

1031 

Session

2008-09

Other sponsors

Jim Dobbin

Peter Bottomley

Lindsay Hoyle

Lynne Jones

David Crausby

Subjects

Employment Taxation

Link

View this Early day motion on www.parliament.uk