How Are Settlement Agreements Paid

Your lawyer should advise you on the current pension loss, especially if you have a permanent retirement pension. Pension contributions must be maintained during your notice period, unless their contract decides otherwise. Even if the parties have agreed that your settlement is not taxable, it is customary for employers to require “tax compensation” as part of the settlement agreement. In other words, if HMRC decides that a tax is due, you are responsible for it. . . .