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Changes to termination payments over £30,000

View profile for Spencer Davis
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"Chancellor George Osbourne has announced that from 2018, termination payments over £30,000 will be subject to employer's National Insurance contributions (under £30,000.00 is currently free of tax and National Insurance contributions and termination payments over £30,000.00 are currently subject to just tax at the employee's normal rate).

This is not legal advice; it is intended to provide information of general interest about current legal issues. 

At Gepp & Sons Solicitors our team advise on all aspects of employment law. For information and guidance, please contact Alexandra Dean on 01245 228141 or email on deana@gepp.co.uk."