Loading...

No results found

Header image

Are you correctly taxing termination payments to employees for disability?

Corporate | 10/07/2023

Termination payments made to employees on account of disability are completely free of tax and National Insurance contributions (NICs). They are not subject to the £30,000 cap that normally applies to tax-free termination payments.

HMRC's restrictive interpretation of what qualifies as a disability payment has been successfully challenged in a recent case.

Download PDF

Share Article

Share on Linkedin Share on Bluesky

Related Expertise

Corporate Employee Incentives Employment, Pensions and Immigration

Contributors

Stretch Nicholas

Nicholas Stretch

Partner

De Lima Desiree

Desiree De Lima

Associate

Insights Green Leaf Adobestock 121254532 OVERLAY
Corporate

K2 Energy acquires Eutex International

Find out more
Carousel Images3
Private Capital & Funds

Stephenson Harwood advises Middlefield Canadian Income fund on groundbreaking ETF transition

Find out more
Carousel Images5
Finance

Stephenson Harwood advises Riverchain International Limited on its US$1.2 Million Seed and US$5 Million Series A funding rounds

Find out more
Adobestock 582823897
Competition

Drugmakers fined in Turkey over no-poach agreement and information sharing

Find out more
Carousel Images12
Life Sciences & Healthcare

James Gubbins joins Stephenson Harwood’s Life Sciences group

Find out more
Adobestock 228406900
Corporate

Financial Conduct Authority publishes further guidance on the implementation of its significantly reformed public offers regime

Find out more
Adobestock 1404749075
Competition

Realising the benefits of competitive markets: strengthening the Competition Appeal Tribunal

Find out more
Adobestock 515666417
Dispute Resolution

Realising the benefits of competitive markets: strengthening the Competition Appeal Tribunal

Find out more
Carousel Images12
Financial Services Regulation

The FCA's proposed consumer redress scheme in relation to motor finance - the highlights….

Find out more
Carousel Images6
Corporate

Private Equity Partner Paul Barron joins Stephenson Harwood

Find out more