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How much compensation could I receive from a Settlement Agreement?

 

Your Settlement Agreement will detail the full breakdown of payments due to you, including whether any sums will be subject to tax or not. Depending on the circumstances, you may be able to secure a compensation payment as well as your contractual benefits, such as notice pay and holiday. If the compensation payment is under the £30,000 tax threshold, then it should be paid ex-gratia and free of tax.

Other financial benefits, such as pension payments and medical and life insurance will also be considered on a case-by-case basis. Non-financial compensation can include agreed references and the ability to retain certain items of company property, such as phones and laptops.

 

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