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Global HR Lawyers

Frequently asked questions on termination payments

25 May 2018

Our FAQs Inbrief looks at some of the common tax questions that arise on termination of employment.

This inbrief covers: 

  • Application of the £30,000 exemption and other exemptions
  • Taxation of PILONs
  • Writing off employees’ outstanding loans
  • Paying termination payments into a registered pension
  • Tax and NIC rates after termination
  • Reporting termination payments to HMRC
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