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Settlement Agreement Solicitors

Poole Alcock has expert employment solicitors who can help you with your settlement agreement

Have you been offered a settlement agreement by your employer?

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

Our expert 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.

 

Our Skilled Lawyers

Same Day Service Available

You will get a speedy response – most settlement agreements that we deal with can be turned around within 48 hours. We do also offer a same day service, if required.

It's Free. Your Employer Pays - Not You

Your employer will cover the legal fees associated with settlement agreements/compromise agreements, leaving no cost to you.

Our Employment Solicitors Are Highly Experienced

Our team of specialist employment solicitors have a wealth of knowledge and experience in dealing with settlement agreements. We can advise you through this difficult time, making sure you get what you are entitled to.

We believe our clients should receive the highest possible standard of customer care and quality of legal advice each time they use our services.

Remote Service Across England And Wales

For your safety, we're offering an online, contact-free legal service during the current health crisis - settlement agreements can be discussed over the phone, by e-mail and on a video/Zoom call with our employment law solicitors.

Check/Process My Settlement Agreement

If you're an employee, enter your details below to see whether your settlement value is fair. We will contact you to discuss your settlement figure using the contact details provided.

If you're an employer discussing ending or terminating an employee's contract through redundancy or with a settlement agreement, we can help too. To protect your business you must ensure the process is fairly handled. Use the calculator below to enter employees' details to check whether their settlement value is fair.

Frequently Asked Questions

Please see below for our most frequently-asked questions.

What do you check?

We check the content of your settlement agreement, making sure you understand the terms and are aware of your rights. We also consider whether or not they are offering you enough money, and if not then we will negotiate this with your employer.

How are settlement agreements treated for tax purposes?

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 NICs 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 benefits in kind, notice pay (or payment in lieu of notice), salary, bonus or commission payments.

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 NICs 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.

How can you help?

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. Our solicitors understand the complexities of dealing with compromise or settlement agreements and will provide you with fair advice.

What is a settlement agreement?

A settlement agreement is a legally binding document that sets out an agreement between you and your employer with regards to terminator of employment. These agreements vary depending on each set of circumstances. In a nut shell, it will outline compensation, confidentiality, validity, tax and your statutory rights.

Meet The 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.

Contact Us

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 0334.

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