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.
Entries Tagged as 'Payment of Normal Salary'
Redundancy Pay, Employment Law Compromise Agreement
May 22nd, 2011 · No Comments · About Compromise Agreement Blog, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Employment Tribunals, 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
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 […]
Compromise Agreements, Employment Lawyers, Payment In Lieu of Notice
October 25th, 2010 · No Comments · About Compromise Agreement Blog, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Employment Tribunals, Payment in Lieu of Notice, Payment of Normal Salary, Payment Terms, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
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, […]
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Compromise Agreement, Employment lawyers London, Negotiating a Settlement
October 13th, 2010 · 2 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Dismissal Before the Termination Date, Employment Lawyers, Employment Solicitors, Negotiating a Settlement, No Admission of Liability on the Part of your Employer, Offer from your employer, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Reason for Leaving, Settlement Payment, Severance Pay, Signing Compromise Agreements, Your Compromise Agreement is a Binding Contract
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 […]
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Employment Lawyers, Voluntary Severance
July 13th, 2010 · 2 Comments · About Compromise Agreement Blog, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Dismissal Before the Termination Date, Early Retirement, Employment Lawyers, Employment Solicitors, Garden Leave, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancy, Redundancy Pay, Signing Compromise Agreements, Termination of Employment, Voluntary Severance
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 […]
Employment Lawyers – Payment in Lieu of Notice – Employment Solicitors – Compromise Agreements Solicitors
June 8th, 2010 · 2 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Payment in Lieu of Notice, Payment of Normal Salary, Payment Terms, Post Termination Restrictions after Signing a Compromise Agreement, Settlement Payment, Termination Payment, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Employees are constantly asking us whether their payments in lieu of notice (PILON) ought to be taxed. The answer is yes, theywill be taxed in the usual way plus national insurance will be payable. Any PILON will be included in an employee’s compromise agreement. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one […]
Tags: Compromise Agreements Solicitors·Employment Lawyers·Employment Solicitors·Payment in Lieu of Notice
Compromise Agreements – Termination Payments including Payment in lieu of Notice
April 25th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancy Pay, Settlement Payment, Statutory Redundancy Pay, Termination Date, Termination Payment, Your Compromise Agreement is a Binding Contract
Employees should pay particular attention to ex-gratia termination payments which are stated to include compensation for failure to give the employee the full contractual notice (of termination), due to the tax implications in respect of the contractual notice payment element. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the […]
Tags: Compromise Agreements·lieu of Notice·Termination Payments·Termination Payments including Payment
Compromise Agreements – Banked Holidays
April 13th, 2010 · No Comments · About Compromise Agreement Blog, Banked Holidays, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Entitlement to Untaken Accrued Holidays, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Untaken Holidays, Your Compromise Agreement is a Binding Contract
Some employers are including banked holidays as part of the settlement payment for employees that are facing redundancy. Therefore, if you are an employee facing redundancy, please check with your employer to see whether banked holidays would be taken into account in determining your settlement payment. If you require further information please contact us at […]
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If you are Offered a Job during the Consultation Period
March 15th, 2009 · No Comments · Compromise Agreements, No Entitlement to Compensation, Payment in Lieu of Notice, Payment of Normal Salary, Signing Compromise Agreements
Sometimes your employer may give you a compromise agreement, you may have got as far as obtaining independent legal advice, and you are offered a job during the consultation period. If you accept this job, you will no longer be entitled to redundancy payment. The compromise agreement will no longer be valid.
Tags: If you are Offered a Job during the Consultation Period
What does payment of salary in Lieu of Notice mean?
March 14th, 2009 · 17 Comments · Basic Rate of Tax, Compromise Agreements, Contract of Employment, National Insurance Contributions, Payment in Lieu of Notice, Payment of Normal Salary
A number of employees that we come across do not seem to know the meaning of payment in lieu of notice. What does it mean? It means that your employer is paying you upfront so you do not have to work out your notice period. So, for instance, if you have a 3 months’ notice period […]