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