Employment Tax

 

Termination Payments

Terminating employment is never easy, irrespective of how the employment ends. The costs can be significant, so it is important to get clear and precise tax advice from the start. Savings can be made through careful planning. Termination packages can be structured to obtain significant tax and NIC savings. At PES we're experienced in the employment tax and NIC matters relating to termination payments including:

- Payments in lieu of notice (often referred to as PILON)

- Statutory and non statutory redundancy payments

- Garden leave

- Restrictive covenants

- Compromise agreements

- Damages

- Consulting rights and payments

Working closely with our HR team, we can advise on all aspects of termination and redundancy programmes including documentation drafting and employee communication.

 

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