Claiming Benefits After Settlement Agreement
probably! But this information does not replace technical legal advice on your situation. If you would like additional advice or if you intend to obtain a transaction agreement, contact Truth Legal to agree to a free, non-binding consultation with a lawyer. It is important that your lawyer review your contract to ensure that you get the maximum amount in the most effective way of tax. As it is customary for you to provide your employer with tax compensation in the transaction agreement, you must be informed of the tax you must expect if HMRC challenges the payments made under this agreement. As you can no doubt say, this is a complex area and we cannot explain all the options here. If you have been offered a transaction agreement and you are not sure what to do, call us to discuss your specific circumstances. Confidentiality clauses are common in transaction agreements. They generally mean that the parties promise not to make prejudicial statements about each other. This would prevent you from making damaging comments in the press or on social media about your employer, even if you are telling the truth. It could also prevent you from reporting abuse as whistleblowers. Your lawyer should explain the consequences carefully. A transaction agreement (formerly known as a compromise agreement) is a legally binding agreement between you and your employer.
This generally provides for an employer`s severance pay in exchange for your consent not to make claims in court or court. As a general rule, the employer requires that you keep the conditions, such as. B the amount and circumstances of termination of your contract. Even if you`re not ready to sign a transaction agreement at first, there may be benefits. Work court proceedings can be costly, time-consuming and incredibly stressful. A realistic transaction agreement, taking these other factors into account, may be a good result. It will also bring some degree of closure to a potentially difficult time in your life. A transaction contract could involve your employer, who promises to pay you a sum of money, no longer illegitimate you or treat both.