Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Notice period definition

What does Notice period mean? The notice period is the length of advance warning an employer or employee must give before employment ends, running from notice to the effective date of termination. It is a descriptive term underpinned by statutory minimum notice and any contractual notice; the longer applies. England and Wales and Scotland: under the Employment Rights Act 1996, an employer must give at least one week’s notice for each year of continuous employment after one month’s service, capped at 12 weeks. An employee with one month’s service must give one week’s notice. Northern Ireland mirrors this under the Employment Rights (Northern...

Template schedule for employment settlement agreements: UK termination payments—PENP calculation and indicative PAYE/NICs treatment (including £30,000 exemption)

Published by a LexisNexis Employment expert

Precedents

Without Prejudice and subject to contract

The proposed [ Compensation OR Termination ] payment could attract tax deductions. This note explains the Employer’s approach to the tax and National insurance contributions (NICs) treatment to be applied to the proposed [ Compensation OR Termination ] Payment and any other payments outlined in the draft Settlement Agreement. Capitalised terms carry the same meanings as in the draft Settlement Agreement. HMRC will ultimately determine the tax and NICs payable. Accordingly, the Employer gives no Warranty and makes no representation regarding any matters set out herein. Errors and omissions are likewise excepted. You should obtain your own independent advice regarding your tax position. The legislative framework governing the taxation of termination payments includes the concept of ‘post-employment notice pay’ (PENP), which impacts the favourable tax treatment potentially available to termination payments (commonly referred to as the ‘£30,000 exemption’). Under the PENP rules, a calculation must be performed to establish a notional threshold against which the ‘relevant termination award’ (outlined below) must be assessed:

if the

...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

DOWNLOAD THIS DOCUMENT

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...