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FWIW, severance is usually a lump sum, so it absolutely benefits the employees to wait until the new year because the severance will likely get taxed at a lower
by qqqwerty 3y ago
FWIW, severance is usually a lump sum, so it absolutely benefits the employees to wait until the new year because the severance will likely get taxed at a lower tax bracket.
- gambiting 3y agoDoesn't tax year run April to April where you live? That's the case in the UK, so it would have made absolutely no difference to how it's taxed.
- disgruntledphd2 3y agoThat's just a weird UK thing I think.