Tax efficient termination payments
We’ll provide tax efficient solutions.
Termination payments are a high risk target for the Inland Revenue because most employers merely consider the legal aspects and not the tax ones. So what exactly are you paying?
- Compensation for loss of office
- Pay In Lieu of Notice (“PILON”)
- Redundancy – statutory redundancy/enhanced redundancy
- Ex gratia payment
- Termination benefits
Employment tax experts here to ensure any termination payments are tax efficient.
For further information call 0800 917 9176.