The usual position if you are made redundant but received a loan from your employer sometime during your employment is as follows: The balance is payable and would normally be paid out of your salary. Ideally you would want this to be paid out of your salary because your salary is taxable. If you need […]
Entries Tagged as 'Loan'
Being made Redundant, Loan, Repayment, Redundancy
November 16th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Loan, Redundancies, Redundancy, Redundancy law, Your Compromise Agreement is a Binding Contract
Employment Law, Loan from Employer, Redundancy
June 1st, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Loan, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Sometimes people take out loans from their employers. Depending on the length of employment and whether statutory redundancy or enhanced redundancy is offered, we have seen situations arise where once payment is computed at the end, the employee owes more money than the employer owes him by way of redundancy pay. So employees could find […]