Settlement Agreement Lawyers & Solicitors – Redundancy

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Entries Tagged as 'Compromise Agreement Solicitors – Taxation of Termination Pay'

Compromise Agreement Solicitors – Taxation of Termination Pay

November 7th, 2009 · 4 Comments · About Compromise Agreement Blog, Basic Rate of Tax, Compromise Agreement Solicitors, Compromise Agreements, Settlement Payment, Signing Compromise Agreements, Taxation, Termination Date, Termination Payment

We are still being asked about taxation of Settlement Payment or some people refer to it as Termination Payment. The correct advice is that the first £30,000 of an employee’s Termination Payment will be paid without deduction of income tax in accordance with section 403 of the Income Tax (Earnings and Pensions) Act 2003. If an employee’s Settlement […]

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