Our clerk is retiring (pensionable age). A gratuity payment is due as it was in her contract before the legislation changed NALC solicitors confirm it should be paid. My question is I can not ascertain looking on HMRC if this is taxable. Ha anybody paid a gratuity payment of late and can they advise.
For actual payment, what calculation did you use? NALC are stating x 3.75% final salary. The formula used on Income tax act is different.