Useful Information on Settlement Agreements

Click on an item to learn more about it

Will My Compensation Be Taxed?

Up to £30,000 of compensation can be paid to you free of tax. Any amount of compensation over and above £30,000 will be taxed in the normal way. If you have a payment in lieu of notice clause in your contract of employment, then any amount paid to you in place of you working your notice period is taxable. Payments made regarding post termination restrictions are also taxable.