What are the payment complications with settlement agreements? ============================================================== One of the more complicated aspects of settlement agreements often centre around which payments are taxable and which payments can be made tax free. The £30,000 tax free concession applies to payments made by way of compensation. Contractual payments such as payment in lieu of notice should not be paid tax free and the treatment of notice should be clear from the settlement document to avoid issues further down the line. It is also important that the settlement agreement is effective to waive the specific employment claims which the employee may have. There are certain requirements which need to be met for settlement agreements to work, including allowing the employee to obtain independent legal advice on their position. We can guide you through the settlement agreement discussion from start to finish to ensure that a smooth exit is achieved to eliminate legal risk as far as possible. About Us -------- Ayesha VardagFounder & President "ROLLS ROYCE SERVICE FROM START TO FINISH" Vardags offer a unique approach to the law, specially tailored to the needs of HNW individuals. Our lawyers come from the very best universities and receive the very best training - they are determined, diligent, and dedicated to getting the best outcome... [read more](https://vardags.com/about-us) [BOOK FREE CONSULTATION](https://vardags.com/contact) What our clients say -------------------- I would like to say working with the staff at Vardags was a great support to me at a difficult time of my life but with their support and sensitivity I was able to get through the experience with less stress and ease. If anyone... is looking for a good legal team I would recommend Vardags. They may cost a bit more but will give you good service. Brenda Hart I feel safer and not alone, knowing that I have Nicola's support - securing her to act for me was a huge weight lifted. No matter what the result, I am confident that she will have secured the best outcome possible. C Knowledgeable, respectful and empathetic service and team. Michelle Ravden Outstanding firm and of highest level of professionalism. I would highly recommend Vardags as best in class in what they do. Sandip Kotecha A responsive and helpful service; quick to understand and advise on the issues. Ian Smith The Vardags team are exceptionally knowledgable and strategic but also, and most importantly, they are confident and reassuring in a time when one can feel most vulnerable. Robert Douge OFFICES ------- [London](https://vardags.com/office/london "London") 020 7404 9390 [Cambridge](https://vardags.com/locations-we-serve/cambridge "Cambridge") 01223 855751 [Manchester](https://vardags.com/locations-we-serve/manchester "Manchester") 0161 464 4657 International 020 7404 9390 [Milan](https://vardags.com/it-it/copertura-territoriale/milano "Milan") +390282954578 [Florence](https://vardags.com/it-it/copertura-territoriale/firenze "Florence") +390282954578