Compromise Agreements – are you paying too much tax?

div class="googleright">It is essential that employees fully understand
A compromise agreement is an agreementtheir employment rights before contracting out of
between an employee and an employer, settingthem. This is why the law requires employees to
out the terms on which the employee will agreeobtain legal advice from a qualified legal adviser,
not to pursue a claim against the employer.such as a solicitor.
The law states that individuals cannot generallyIf you have been offered a Compromise
contract out of their employment rights. ThereAgreement to terminate your employment, you
are however a few exceptions to this rule. Onemust ensure that your solicitor understands not
of those exceptions is where a settlement isjust your employment rights but also how any
reached by way of a compromise agreement.payments you receive will be taxed.