Settlement Agreement In Lieu Of Redundancy

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Most comparative payments of £30,000 can be made tax-free. How taxes handle termination payments is more complicated and you need to discuss your particular circumstances with your lawyer. There may be a number of circumstances in which you feel that a large-scale dismissal consultation process with all relevant employees is not appropriate – perhaps because it is probably unnecessary if there is clearly no alternative to dismissal – or if it is likely to result in unnecessary disruption to the wider workforce. Your employer may ask you to prepare your notice, but it is customary for the worker to receive a lump sum instead of this period. Apart from their respective rights, employers will also strive to ensure that there are no other possible rights that you may assert against them in the future.

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