Answer
No. Normally you can receive a termination payment of up to £30,000 tax free. However, this does not apply to payments arising out of your contract such as salary, bonuses, payment in lieu of annual leave or other benefits.
FAQs > Are all payments under Settlement agreements tax free?
Request a Callback
No. Normally you can receive a termination payment of up to £30,000 tax free. However, this does not apply to payments arising out of your contract such as salary, bonuses, payment in lieu of annual leave or other benefits.
At GloverPriest, we understand navigating the law can be a difficult task to take on alone. That’s why we created this comprehensive guide to help promote information for everyone to use.
If you’re looking to speak to a solicitor, please call us from the number below. Alternatively, you can fill out our online form and we’ll be right with you.
We are confident you'll find the information useful, and if you would like to know more or your question is not covered please contact us using our contact form at the foot of the page, or alternatively call us.