Hi all,
Hope everyone is safe and well.
I've finally finished with grievance and it wasnt upheld but its exhausted me.
I've been offered a settlement agreement which I will accept but I am confused over the PILON payment.
Employers are paying me 12 weeks but the agreement says 'the parties agree that the Pilon is equal to or exceeds the amount given by the formula in section 402 d (1) of the income tax (Earning and Pensions) act 2003 (ITEPA) and that accordingly, your Post Employment Notice Pay is nil'
Does anyone know what on earth this means? I have a meeting with my solicitor tomorrow but fear a sleepless night....does this mean my PILON calculated is nil?
Any advice would be really appreciated.
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PILON / PENP
4 replies
Myal · 09/04/2020 20:43
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