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 […]
Entries Tagged as 'Termination Date'
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
Tags: Compromise Agreement Solicitors - Taxation of Termination Pay
Pension Contributions – After Signing Compromise Agreement
November 3rd, 2009 · 7 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitors, Pension Rights, Signing Compromise Agreements, Termination Date, Termination of Employment, Your Compromise Agreement is a Binding Contract
As we have discussed in this blog previously, an employee’s entitlements to any benefits such as pension rights (which will not be provided for in a compromise agreement) will cease on the employee’s Termination Date (see earlier blog). Some companies are paying employees up to three months’ standard company employer pension contributions into the employee’s pension fund. As pension rights are […]
Tags: Pension Contributions - After Signing Compromise Agreement
Completion Date when your Compromise Agreement becomes Binding
October 22nd, 2009 · No Comments · About Compromise Agreement Blog, Completion Date of your Compromise Agreement, Compromise Agreements, Signing Compromise Agreements, Termination Date, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Both employers and employees have to be aware of the completion date of a compromise agreement. In some cases the employer might put the termination date and the completion date as the same. This works if the employee is in the UK (not on holidays or travelling) and able to get the compromise agreement signed […]
Tags: Completion Date when your Compromise Agreement becomes Binding
Garden Leave – Compromise Agreements
September 13th, 2009 · No Comments · Compromise Agreements, Dismissal Before the Termination Date, Entitlement to Untaken Accrued Holidays, Garden Leave, Payment in Lieu of Notice, Pension Rights, Signing Compromise Agreements, Termination Date, Termination of Employment, Untaken Holidays, Your Compromise Agreement is a Binding Contract
There are circumstances when an employee may be placed on garden leave before the employee’s termination date and the signing of the employee’s compromise agreement. If you are an employee and you find yourself in this situation you have to ensure that, during the period you are at home outside the office, you are still […]
Pension Rights – Compromise Agreements
August 19th, 2009 · No Comments · Compromise Agreements, Pension Rights, Termination Date
If you are entitled to a pension after redundancy, then this will be dealt with separately by your pension provider. Pension rights are mentioned in your compromise agreement but no details of such rights would be included in the agreement. You would still need to check that you are given the right entitlement by your […]
Warranties in Compromise Agreements Cont’d
June 24th, 2009 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Dismissal Before the Termination Date, Keeping the Terms of your Compromise Agreement Confidential, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Admission of Liability on the Part of your Employer, No Entitlement to Compensation, Pension Rights, Post Termination Restrictions after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date, Termination of Employment, Warranties, Your Compromise Agreement is a Binding Contract
We are continuing with our discussion on warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that: 1. You have received independent legal advice on all and any claims that you might be able to bring against […]
Warranties in Compromise Agreements Cont’d
May 24th, 2009 · 1 Comment · Compromise Agreements, Contract of Employment, Dismissal Before the Termination Date, Entitlement to Untaken Accrued Holidays, Keeping the Terms of your Compromise Agreement Confidential, No Entitlement to Compensation, Post Termination Restrictions after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date, Termination of Employment, Warranties, Your Compromise Agreement is a Binding Contract
We are continuing with our discussion on warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that:You have received independent legal advice on all and any claims that you might be able to bring against your Employer […]
Warranties in Compromise Agreements Cont’d
May 21st, 2009 · 1 Comment · Compromise Agreements, Dismissal Before the Termination Date, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Entitlement to Compensation, Post Termination Restrictions after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date, Termination of Employment, Warranties
We are continuing with our discussion on warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that:You have received independent legal advice on all and any claims that you might be able to bring against your Employer […]
Warranties in Compromise Agreements Continued
April 21st, 2009 · No Comments · Compromise Agreements, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Entitlement to Compensation, Payment in Lieu of Notice, Termination Date, Termination of Employment, Warranties, Your Compromise Agreement is a Binding Contract
We have been discussing warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that: You have received independent legal advice on all and any claims that you might be able to bring against your Employer in the […]
Warranties in Compromise Agreements Continued – Employee Waiving Rights
April 10th, 2009 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Contract of Employment, Dismissal Before the Termination Date, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Termination Date, Termination of Employment, Warranties, Your Compromise Agreement is a Binding Contract
We have been discussing warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that: You have received independent legal advice on all and any claims that you might be able to bring against your Employer in the Employer […]
Tags: Warranties in Compromise Agreements Continued - Employee Waiving Rights