page 2 of my compromised agreement .......compensation for loss of employment
Basic rate income tax will be deducted from any amount by which the compensation payment exceeds £30000 blah blah under sections 401 to 404 inclusive of part 6 chapter 3 of the income tax (earnings and pensions) act 2003
So do I get the first £30000 tax free then?
page 2 of my compromised agreement .......compensation for loss of employment
Basic rate income tax will be deducted from any amount by which the compensation payment exceeds £30000 blah blah under sections 401 to 404 inclusive of part 6 chapter 3 of the income tax (earnings and pensions) act 2003
So do I get the first £30000 tax free then?
redundancy law is redundancy law,for every year after 42 you get 1.5 weeks pay it has been so for years. notice pay is controlled by regulation to.
notice of intent to make redundancies HAS to be lodged with the D.T.I. and redundancy without an appropriate period of consultation(length dependant on the numbers to be made redundant,trust me, my employer has gone through this process at least 5 times in the period of my employment) is an offence
Wrong, wrong and wrong again. The employer does indeed have to pay a certain amount for every year you have worked there ( assuming you've had continous employment there for more than two years ) and it is indeed also based on your age. Other than that they only have to pay your contracted notice period. All this is if you're being made COMPULSORY redundant.
HB&B has struck a compromise agreement which changes his redundancy to VOLUNTARY redundancy and so whatever deal he strikes over rides the law.
I'm not quite sure what your agenda here is but I wouldn't wish redundancy on anyone - it's a nasty, stressful time and cocks like you making accusations don't help. I just hope you don't find yourself in the same situation during this tough time.
HB&B - good luck in finding a new job and congrats on getting such a good deal - only wish I'd managed to do the same!
Wrong, wrong and wrong again
How i hate cocky people like you.
Tariq from HR
i am not suggesting an employer wont pay more than the minimum(mine does)
i am convinced that this thread is more bullshit from a proven attention seeker and that the fact he gets his figures wrong proves it.
i am not suggesting an employer wont pay more than the minimum(mine does)
i am convinced that this thread is more bullshit from a proven attention seeker and that the fact he gets his figures wrong proves it.
...some of you may laugh but the credit crunch is now a crisis.............at 11am this morning Tariq from HR showed me a compromise agreement for just over a years salary and with that after 5 years service I was gone!!!!!!!!!!!!