Call us today 0800 470 0331

Settlement Agreement Calculator

We have created a settlement agreement calculator that will tell you how much you can expect to be owed if your employer decides to terminate your contract. We offer same-day, remote and in-person services, at no cost to you.

settlement agreement poole alcock

Settlement or Compromise Agreements

Has your employer discussed ending your employment through redundancy or with a settlement agreement or compromise agreement?

Poole Alcock has expert employment solicitors who can help you with your settlement agreement. Our Employment solicitors specialise in reviewing, preparing and advising on settlement agreements. With a wealth of expertise in dealing with settlement agreements, they can provide you with quality, easy to understand advice. We will advise you on your settlement/compromise agreements, ensuring you understand your rights. We will also negotiate with your employer if we think you are entitled to more. From beginning to end, your compromise agreement will be dealt with by a knowledgeable and supportive solicitor. We appreciate the importance of getting your compromise agreement right. Our solicitors understand the complexities of dealing with compromise or settlement agreements and will provide you with fair advice. Your redundancy agreement will be considered thoroughly. The advice our solicitors will provide you will be reasoned and sensitive to your needs.

Congleton signing documents

Tax Status of Settlement Agreements

The general position for payments provided for under the remit of the Settlement Agreement is as follows:

  • Contractual Payments should be taxed and subjected to NIC’s in the usual way – that is to say, payments made arising from an obligation to make the payments under the contract of employment. This includes payment relating to; notice pay (or payment in lieu of notice (PILON)), salary, bonus or commission payments and payments relating to benefits in kind.
  • Termination Payments – this includes non-contractual payments relating to loss of office. For example; ex-gratia payments, compensation for breach of statutory rights and redundancy payments. The first £30,000 of the total termination payment may be exempt from tax and NIC. Any excess above this threshold should be taxed and subjected to NIC’s appropriately.

It is important that the payments arising under the Settlement Agreement are taxed and subject to NIC appropriately. Whilst it is the primary responsibility of the Employer to ensure this, it is common for the Settlement Agreement to provide for a specific tax indemnity to re-allocate this risk to the Employee.

What we will do for you...

Poole Alcock Solicitors have an expert settlement agreement team that will advise you on:

The content of your settlement agreement, making sure you understand the terms and are aware of your rights.

Whether or not they are offering you enough money, and if not then we will negotiate this with your employer.

If you are being treated fairly.

Settlement Agreement Calculator

Try our settlement agreement calculator to see how much you're entitled to if your employer has ended your employment.

[CP_CALCULATED_FIELDS id="6"]

Meet Your Team

What people say about us

“

Excellent communication and response times, felt relieved at the efficiency and friendliness of everyone I spoke to. Jamie and Kellie were fantastic and I am so grateful for the excellent service I received.

James Riseley transparent background

Latest Insights

Make An Enquiry

Please submit your information and a member of the Poole Alcock team will respond to you as soon as possible. If you have a quick question, please feel free to call 0800 470 0336

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

apply area-criminal area-divorce area-employment area-home area-motoring area-personal arrow_downarrow-left-long arrow_leftarrow-right-long-menu arrow-right-long arrow-right asbestos-claimsbenefits-health benefits-incentive £ benefits-nursery benefits-pension blueprintbottom-wave-180 bottom-wave buildingsbusiness-services calendarcertificationcharitychat checklist clockcommercial-propertyconvey_icon_purchase_standardconvey_icon_remortgageconvey_icon_sale_purchase convey_icon_sale conveyancingcriminal-defencecrossdefencedisputesdivorce-family divorce documentsdownloaddrink-drivingeducationemail-altemail-outlineemail employmentevent-calendarfixed-fee-divorcefor-salegravelheartbeathero-wave home-searchhospitalhousehricon_laptop_add icon_purchase_standard icon_quill icon_tick icon-feather-mail icon-user input-error input-upload input-valid job-descriptionlegal-aidlitigationmap-marker map-pinmoneypersonal-injurypersonal-services phone-primary phone play pluspropertyremortgagesearch-primary searchseparationsocial-facebook social_googleplussocial_instagramsocial_linkedin_altsocial-linkedin social_pinterestlogo-twitter-glyph-32social_youtubesoldtenanttick_circle_green tick-white ticktoggle-cross traffic-accidenttreetriangle will-probatewillwrite-a-will