5 articles tagged with Settlement Agreement.
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.
Payments made for agreeing to a new or extended restrictive covenant (non-compete, non-solicit) when leaving a job are fully taxable as employment income — they don't share the £30,000 termination exemption. Here's why.
A UK settlement agreement is only legally binding if the employee gets independent legal advice — and the employer usually pays a tax-free contribution towards it. Here's how the exemption works.
How settlement agreement payments are taxed in 2026/27: the GBP 30,000 exemption, what counts as taxable pay, PILON, NI rules and how to check your take-home.
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.
