Jonathan_T
Member
- Joined
- Apr 13, 2011
- Messages
- 48
- Car
- 2007 Audi A8 3.0TDi Quattro
Without wishing to go into details. I ended up having a discussion with my boss yesterday and suggested that it was time we agreed a compromise agreement so I could leave the company with a payout and would drop any potential legal proceedings against the company and he would be free to replace me without the complications caused by redundancy etc.
I know that for a redundancy payment the company can pay up to £30K tax free. Is the same true when it comes to a compromise agreement?
I'm obviously keen to maximise the potential payment and don't want to inadvertantly push my self into a tax situation which it may be possible to avoid.
Currently thinking of a lump sum payment + good reference + training courses paid for by the company.
If anyone on here is HR savy / tax savy I'd appreciate your thoughts.
I know that for a redundancy payment the company can pay up to £30K tax free. Is the same true when it comes to a compromise agreement?
I'm obviously keen to maximise the potential payment and don't want to inadvertantly push my self into a tax situation which it may be possible to avoid.
Currently thinking of a lump sum payment + good reference + training courses paid for by the company.
If anyone on here is HR savy / tax savy I'd appreciate your thoughts.