Termination Payments - 2014

Who is this course aimed at?

Individuals who are responsible for final payments to employees due to termination of contract.

What will I learn?

You will come away with an understanding into what payments are due in which circumstances. How they are calculated. Whether they are liable to tax and NICs in full or only partially, or are they wholly exempt? How and when are tax and NICs calculated. How HMRC interprets contractual entitlement versus tax free payments. How to calculate the net amount due under the ‘Gourley principle’. What the PAYE procedures are that must be followed.

This course clarifies what the law is and how to correctly calculate those final payments and stay within the law.

Course content

• The ‘Gourley Principle’ - tax and NICs treatment
• Restrictive covenants
• PILONs
• Redundancy
• Damages
• Breach of contract
• Injury and disability
• Compromise agreements
• Holiday pay
• Timing of payments
• Benefits under a retirement benefit scheme
• Loan write-offs
• Benefits in kind
• Exemptions
• Death
• Recording and reporting requirements

Course aims

On completion, delegates should be able to:

• Fully understand which type of termination payment is due and know the tax and NICs treatment applicable
• Accurately calculate the payment(s) due
• Be able to correctly record and report the various types of termination payments

What others say about this course…

I found the tutor to be very friendly and knowledgeable.

Anne Anderson MCIPPdip, University of Stirling

Well delivered and particularly relevant in the current economic climate.

Vera Cunningham MCIPPdip, Spirit Group Limited

Book the Termination Payments training course and Overpayment Recovery Workshop at the same time, for the same day, to qualify for a discounted rate. The CIPP offer discounts for registered charities on all 1 and 2 day short courses (excluding Irish and International short courses) and 1 day conferences.