7 articles tagged with Pilon.
How settlement agreement payments are taxed in 2026 -- the £30,000 tax-free exemption, PENP formula for notice pay, payments in lieu of notice, and PILON tax rules.
A plain-English walkthrough of the Post-Employment Notice Pay (PENP) formula HMRC uses to tax PILON, why it exists, and how it interacts with the £30,000 tax-free termination payment threshold in 2026/27.
Why payment in lieu of notice (PILON) is fully taxable and NIable in the UK, unlike some other elements of a leaving package, for 2026/27.
PILON is taxed differently from the statutory redundancy payment itself. How Payment in Lieu of Notice is treated for tax and National Insurance in 2026/27, with worked examples.
The £30,000 redundancy exemption and the PILON tax rules explained for 2026/27 -- with worked examples showing how to structure a settlement to minimise your tax bill.
How is a payment in lieu of notice (PILON) taxed in 2026/27? Understand PENP, income tax, National Insurance and what lands in your pocket.
The £30,000 tax-free exemption, how statutory redundancy is calculated, PILON rules since April 2018, the PENP formula, settlement agreements, and NI changes from April 2020. Worked examples and 8 FAQs.
