Hi. After a prolonged discrimination claim with my employer, they are offering a settlement agreement. This is considerably lower than I expected, however, they have indicated that some of this will be tax free (including payments in lieu of notice, psychiatric injuries, therapy costs and injury to feeling). I am confused about whether these payments really are going to be tax free or whether I would have a tax liability. Also, are there limits to how much can be tax free for each of these items? I assume there must be otherwise what's to stop people from putting everything into these buckets to minimise or avoid tax altogether? I'm also not sure if I should have a tax advisor for this or if the rules are straightforward.
Many thanks
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