Settlement Agreement Lawyers & Solicitors – Redundancy

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

October 27th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Negotiating a Settlement, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract

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

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