In this article, we explain how to add a redundancy or testimonial payment.
Add a redundancy payment
When an employee leaves, they may be entitled to a redundancy payment. These are usually free of tax and national insurance (NI) up to the value of £30,000. Any amount over is taxable and subject to employer’s national insurance.
Click Payroll then click Current period.
Click Add then select Redundancy payment.
Enter the payment amount.
Add a testimonial payment
Testimonial payments up to £100,000 are non-taxable. Any amount over is taxable and subject to employer’s national insurance.
Click Payroll then click Current period.
Click Add then select Testimonial payment.
Enter the payment amount.