FAQ

Questions You May have

  • Will I have to pay for legal advice?

    The Settlement Agreement will contain a figure that the employer will pay for you to obtain legal advice. This figure will cover the cost of legal advice and execution of the agreement. We will invoice your employer directly and our invoice will be paid directly to us.

  • Can I obtain a reference?

    When employment is coming to an end one of the most important considerations for an employee is their reference which will be crucial in obtaining suitable alternative employment. It is usual for an agreed reference to be inserted into the agreement.

  • How much compensation am I entitled to?

    Your employer will usually propose a sum of money which will be inserted into the Settlement Agreement. We will advise you of what we consider to be a fair and reasonable sum of money following an assessment. Our assessment will have regard to the compensation than an Employment Tribunal may award if you were successful at an Employment Tribunal hearing. It is then open to you to negotiate on the sum that has been offered to you or accept the sum that has been offered.

  • When will I get my settlement money?

    Payment of your settlement sum is usually specified in the settlement agreement and is usually between 14 and 28 days after the agreement has been signed by all the parties or the termination date, whichever occurs later.

  • Will I be signing away all my rights?

    A settlement will normally involve you signing the agreement and waiving your rights to pursue claims against your employer and others including employees and associated employers. Normally the Settlement Agreement will require you to waive your rights to all potential claims, whether you are aware of them or not. This is why it is a requirement to obtain independent legal advice. There may be some exceptions to this which most notably include claims relating to accrued pension and claims for personal injury that you are not aware of.

  • How will I know what taxes I have to pay?

    Usually a lump sum termination payment set out in the Settlement Agreement will be tax free if less than £30,000. Any salary payments, payments for untaken holidays or any payment in lieu of notice are taxable in the normal way.