Compromise Agreement Solicitors & Lawyers » Payment in Lieu of Notice

Employment Law, Redundancy, Holiday, Payment in Lieu of Notice

admin — Tue, 10 Jan 2012 14:35:38 +0000

With regards to compromise agreements, it is always advisable to clearly set out any untaken accrued holidays and payment in lieu of notice and to show these separately, as they are both taxable.

If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

© RT COOPERS, 2012. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

Employment Law, Redundancy, Payment in Lieu of Notice, Settlement Payment

admin — Wed, 14 Dec 2011 08:51:05 +0000

In order for an employer to provide an employee with payment in lieu of notice, this must be referred to in the employee’s employment contract. Some employers are incorporating the notice period as part of the settlement payment, which is tax free. We always advise that there is a risk that Inland Revenue may decide that this amount may in fact be taxable.

If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

© RT COOPERS, 2011. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

Redundancy Pay, Employment Law Compromise Agreement

admin — Sun, 22 May 2011 18:47:49 +0000

Employees facing redundancy are finding that a number of employers are simply offering statutory redundancy pay. Some employers are just offering the notice period to employees as their redundancy pay.

Unfair Dismissal, Payment in Lieu of Notice, Redundancy

admin — Tue, 01 Feb 2011 22:46:42 +0000

As of 1 February 2011 the Tribunal compensation limits will increase. The new rates will apply where the event giving rise to compensation occurs on or after this date.

Maximum compensatory award for unfair dismissal – £68,400 (from £65,300)
Maximum weekly pay for calculating statutory redundancy pay – £400.00 (from £380.00)

If you require legal advice on employment law especially on your compromise agreement, please contact RT Coopers at enquiries@rtcooperssolicitors.com

Visit www.compromiseagreementlonuk.com - a compromise agreement website for employee and employers

Employment Law, Redundancy Law, Payment in Lieu of Notice, Employment Contract, Compromise Agreement

admin — Wed, 27 Oct 2010 10:47:10 +0000

We are revisiting the issue of payment in lieu of notice from a different angle this time especially in relation to redundancy. We are being asked by a number of employers and employees whether they could get around the issue of taxation of notice periods (PILON). One of the ways that we have considered to achieve this is to ensure that any payments are treated in the compromise agreements as severance pay and not treated as PILON. The revenue may still challenge whether the payments are severance pay or contractual rights and therefore subject to tax and NI contributions.

If you require employment law advice especially on your compromise agreement, please contact RT Coopers at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances

Compromise Agreements, Employment Lawyers, Payment In Lieu of Notice

admin — Mon, 25 Oct 2010 15:25:23 +0000

This is a reminder that payments in lieu of notice are subject to tax and national insurance at the approved rates. We are still being asked whether this is the case by a number of employers and employees, especially employees about their employee rights.

If you require employment law advice especially in relation to your compromise agremeent, please contact RT Coopers at enquiries@rtcooperssolicitors.com

Compromise Agreement, Employment lawyers London, Negotiating a Settlement

admin — Wed, 13 Oct 2010 12:52:29 +0000

Our employment solicitors are finding that a numbe r of employers are offering employees compromise agreements in circumstances where there is no dispute and/or redundancy, but as a means of mutual agreement. The employer has to act fairly. The employee has to negiotiate a good package. It is worthwhile seeking legal advice from our employment lawyers in London at this stage to ensure that the employer is acting within the law and the employee is getting the best possible settlement.

If you require employment law advice especially on your compromise agreement, as we are specialist employment lawyers in London.

Employment Lawyers – Compromise Agreements – Offer made by Employer

admin — Fri, 23 Jul 2010 07:17:23 +0000

If you are an employee, our employment lawyers cant stress enough how important it is to take independent legal advice as early as possible from emoployment solicitors and not to delay especially if your employer has given you a date by which to accept the offer and return your signed compromise agreement. A number of employees that our employment lawyers are seeing are failing to appreciate the importance of their oiffer. At this stage it is only an offer and the offer could be withdrawn if you intend to and fail to accept it by the prescribed time.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

Employment Lawyers – Compromise Agreement – Employment Lawyers London – Empolyment solicitor – unfair dismissal

admin — Tue, 20 Jul 2010 13:55:54 +0000

As employment lawyers, we have been advising many employees this month on their offers. On a practical note, if you are an employee and have been offered a severance pay, before you decide to reject this offer and claim unfair dismissal, please take advice on the offer. In a number of cases, we found that employees would have been worse off if they went to the Tribunal with a claim for unfair dismissal. There is a limit for compensatory awards (unless you can prove discrimination) which as it stands is £65,300.00. An employment solicitor at RT Coopers (0207 488 9947) will be able to advise further on this point.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

Employment Lawyers, Voluntary Severance

admin — Tue, 13 Jul 2010 23:19:52 +0000

If an employee agrees to take voluntary severance, the employee may have a 3 – 6 month’s notice period. The employee’s employment would end at the end of the notice period (‘the Termination Date’) by mutual agreement. It is usual practice to place the employee on garden leave up to and including the Termination Date.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law: