I'm looking at a job post and it states that the salary is from Â£20,000 - Â£50,000 per annum and the positions available are for sales, assistant managers, and managers. At the end of the post it says Â£20K - Â£50K plus OTE. Does this mean that the basic salaries range from Â£20K - Â£50K and then commission? Or does the Â£20K - Â£50K already include commission?
According to Jeff Schnepper at moneycentral.msn.com (12/04/09), there must be a physical injury for the settlement to be free from tax. So, an award for wrongful termination would be taxable because there is no physical injury. In fact, there are two requirements to ensure a settlement (or a verdict) is tax-free. The first, as mentioned before, is that there must be a physical injury (which includes illness). Without physical injury, youâre paying taxes. The second is that the injury must have been caused by a wrongful act.
However, the amount you deduct cannot be more than the amount of the settlement you include as income for the tax year. Structured Settlements. A judgment award issued as a structured settlement annuity may, in fact, pay out a portion of tax-free income over the payout period.he amount you allocate as taxable can be reduced by: 1  Any amount you may have paid out for medical expenses attributed to emotional distress or mental anguish not previously deducted, and. 2  Previously deducted medical expenses for such distress and anguish that did not provide a tax benefit.