Tax on Salary to someone that died 4.5 years ago
Discussion
I have received a letter from my late Fathers employer that states they have a remaining final salary payment to make to his Estate. As the amount is minor so does not formally require a grant of probate. His Estate was wound up 4 years ago.
I know that NICs are not due, normally I would deduct any PAYE rate on the prevailing code and year earnings, I don't remember ever seeing a P45 for my Father although I'd be surprise if he would be over the Basic Rate for the year. Is their any length of time applicable before Income tax is not applicable?
Can I ask the employer to make the appropriate deductions rather than me recieving a gross amount and having to apply any tax & NIC at my rates, finally should also expect the addition of:
1 Any compound interest for 4.5 years
2 Basic increases over the intervening period had my father not died?
I know that NICs are not due, normally I would deduct any PAYE rate on the prevailing code and year earnings, I don't remember ever seeing a P45 for my Father although I'd be surprise if he would be over the Basic Rate for the year. Is their any length of time applicable before Income tax is not applicable?
Can I ask the employer to make the appropriate deductions rather than me recieving a gross amount and having to apply any tax & NIC at my rates, finally should also expect the addition of:
1 Any compound interest for 4.5 years
2 Basic increases over the intervening period had my father not died?
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