I have annual leave which my employer will pay but is it better for my tax to be paid small amounts for a few months or one lump sum payout?
Also, if I am paid accrued holiday, are there different tax implications if this is paid near the end of the tax year rather than at the beginning ?
Thanks in advance !
- Max HooplaLv 73 months ago
At the end of the year it all gets lumped together and makes no difference.
- sunshine_melLv 73 months ago
If you're an employee in the UK, tax will come out of each paycheck rather than being able to be accrued into one payment
- AlphonseLv 73 months ago
I don't understand the question. I live in the UK and my holiday pay is taxable the same as time I worked at any time of the year. I don't pay tax in small amounts, I don't choose the amount to pay, my slip says there's what I got and there's what the tax is.