Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Remuneration definition

What does Remuneration mean? Remuneration is the pay an individual receives for work, typically basic salary and, depending on context, variable elements such as bonuses, commission, overtime and allowances. It is a descriptive expression used across employment, company and tax law, with its precise scope set by the relevant statute, contract, policy or scheme rules rather than by a single universal legal definition. In pensions practice—particularly defined benefit schemes—the pension accrued is usually linked to pensionable remuneration (often called pensionable salary or pay). Whether remuneration includes or excludes bonuses, commission, overtime, car or location allowances, shift premia and other fluctuating emoluments is determined by the...

Scotland: Remuneration of insolvency office‑holders in corporate liquidation, administration, receivership and CVAs: basis, approval, accounting periods, reporting, pre‑appointment costs, appeals and court reporter practice

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Practice notes

Introduction and background

The Bankruptcy (Scotland) Act 1985 (B(S)A 1985) took effect in 1986 and laid out, in detail, the processes for managing Sequestration (Scottish bankruptcy). When the Insolvency (Scotland) Rules 1986, SI 1986/1915, were issued shortly afterwards for corporate insolvency in Scotland, they drew upon the newly enacted B(S)A 1985 provisions and tailored them for liquidation, particularly for adjudication of claims, accounting periods, and approval of the liquidator’s Remuneration. Accordingly, the 1986 liquidation rules directed readers to the relevant parts of B(S)A 1985, with instructions to read ‘liquidation’ for ‘sequestration’ and ‘liquidator’ for ‘trustee’. With the advent of the ‘new’ administration regime in 2003 under the Enterprise Act 2002, the administration rules covering adjudication of claims, accounting periods and approval of the administrator’s remuneration simply cross-referenced the liquidation rules, which themselves referred back to sequestration and B(S)A 1985. Thus, the approach to adjudication of claims and the approval of remuneration across sequestration, liquidation and administration was broadly consistent and founded on B(S)A 1985. The Insolvency (Scotland) Amendment Rules 2010, SI 2010/688 began...

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Eileen Maclean

Insolvency Support Services

Eileen Maclean is a licensed insolvency practitioner with over 30 years' experience of all aspects of personal and corporate insolvency in Scotland. Nine of those years were spent with EY in Edinburgh, where she passed her Joint Insolvency Exam, and commenced her MBA. Spotting an opportunity in the market, Eileen has been providing bespoke support services to the insolvency profession since 1999, including outsourcing and technical support, compliance reviews and extensive training programmes. She is recognised as the foremost trainer of Scottish insolvency throughout the UK, and for her thought leadership across the profession. Eileen specialises in complex issues and dispute resolution, where she combines detailed knowledge of the law with a pragmatic approach to get proven results for clients. She excels in compliance and practical advice and in the words of a peer, 'what she doesn't know about insolvency isn't worth...

Sheana Campbell

The Faculty of Advocates

Sheana is experienced in dealing with commercial litigation in both the Sheriff Courts and Court of Session. Her particular interest is insolvency related litigation and she has been involved in reported decisions on insolvency cases.Throughout her career Sheana has acted for both insolvency practitioners and individuals in dispute with insolvency practitioners in both commercial and personal insolvency cases, giving her an insight into the range of issues faced by either side in a dispute. Sheana also has significant experience in handling debt recovery cases and worked as a paralegal whilst studying for her law degree at Strathclyde University. Following a 13 year career as a solicitor, during which she reached director level at a boutique litigation practice, Sheana is now undertaking a period of training (known in Scotland as devilling) with a view to become an Advocate in Scotland in June 2022.In addition to her debt recovery and...

Web page updated on 22/05/2026

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