Compensation sums up to £30,000 can usually be paid tax free. There are some situations where sums less than £30,000 may be taxable, for example, if the sums offered constitute wages, contractual pay in lieu of notice or holiday pay. If the employee prefers, any taxable payment can often be diverted to a pension fund, free of tax. We are able to provide expert guidance on the tax treatment of the payments you are due to receive.
Settlement Agreements
Will I need to pay tax on the settlement sum?
What is a Settlement Agreement?
Will I need to keep the Settlement Agreement confidential?
Will I be able to bring any claims against my employer after I sign the Settlement Agreement?
Will I get a reference?
How much does your advice cost?
I’m an employer, can I instruct you to draft settlement agreements?
