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Tax exempt IB - what next ?

  • Dippypud
  • Topic Author
14 years 2 months ago #27237 by Dippypud
Tax exempt IB - what next ? was created by Dippypud
Hi everyone, at the moment I receive IB, because this was awarded before 1992 it is classed as a non-taxable benefit.

What happens when I am moved to JSA/ESA, will this be treated as a "new" award?

Will I lose the non-tax status? :unsure:

Regards, Pud

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  • waltwhitman
14 years 2 months ago #27245 by waltwhitman
Replied by waltwhitman on topic Re:Tax exempt IB - what next ?
I think I read something about this recently and it will be taxed. I can't see them leaving it alone because their aim is to level everything down to the minimum and they really loathe IB.

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14 years 2 months ago #27249 by choogle
Replied by choogle on topic Re:Tax exempt IB - what next ?
Para 6.16 on p12 of the report available from the following link confirms that tax will be payable when transferred to ESA from IB:

www.ssac.org.uk/pdf/employment_and_support_allowance_regs.pdf

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  • Dippypud
  • Topic Author
14 years 2 months ago #27263 by Dippypud
Replied by Dippypud on topic Re:Tax exempt IB - what next ?
Thanks for that link Choogle, it makes interesting reading.
Regards,Pud

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