Tax advice of the week: Get relief on severance pay

If you are made redundant, make sure you know how to make your severance package tax-efficient.

If a P45 lands on your desk, it pays to know how to make any severance package tax-efficient, says Emma Simon in The Daily Telegraph.

"As a rule, don't agree or disagree with the initial departure terms offered." Ask for a written proposal so you have time to consider what you want.

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