Hi I'm due to be made redundant in February this year and I will be receiving a package that includes PILON and redundancy pay that amounts to £48000, the way I understand it, I will pay tax on everything over £30000, part at 22% and part at 40% as I will go over the £34800 threshold for the 40% rate.

As my PILON is for 4 months pay, could I offset some of the tax for the months that I would have been worked during the 2009/2010 tax year?

Could my employer split my payment? i.e. pay PILON this year in March and then my Redundancy in April to spread the taxable element over two tax years?

Also I plan to pay for myself to be retrained during 2009/2010, am able to claim tax relief for any of the costs?

Cheers