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.
It is vital to understand exactly what is paid as any payment for loss of office carries potential PAYE/NI implications. Get it right and it will be a smooth, cost effective process for all parties at what can be a difficult time. The main point is always to contact us a.s.a.p. and we can guide you through the maze.
"Thanks to EICG we have a renewed confidence in our approach to employment tax. They conducted a very professional approach to all our business needs, whilst ensuring that things were kept at a level we understood. I would have no hesitation in recommending EICG."
Ruairí O'Boyle
Director
OB Construction Limited

