Yorkshire's Specialist Employment Solicitors
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Call: 01484 303585
Help with Settlement Agreements
Is your settlement agreement a compromise too far? Our experts specialise in getting you the best terms and payout from your settlement deal.
We can provide settlement agreement advice either in person or remotely over the telephone, if this is more convenient for you. We help clients across the UK.
We will not usually charge you as your employer will normally pay for the costs of our services with no cost to you.
what is a Settlement Agreement?
A settlement Agreement is a legally binding contract between you and your employer, which provides you with a settlement sum and agreed terms that should be attractive to you.
This agreement allows your employer and yourself to go your separate ways in a mutually acceptable manner. Both parties should be happy with this agreement.
The agreement then prevents you from taking most types of legal action against your ex-employer at an employment tribunal.
Your agreement must be signed off by a relevant, authorised person, such as a solicitor to be valid.
How we can help you.
We will do all of the following for you:
- We can get you the right amount of compensation for loss of office.
- We can make sure that your agreement is fair and reflects your circumstances.
- We can liaise with your employer to improve the terms of your agreement.
- We will insure that you understand all the terms and conditions of your agreement.
- We are qualified and insured to sign off your agreement for you.
Next Steps to Get Help
If you need a solicitor to ensure that the settlement agreement you have been offered is the best possible deal for you before they sign it off for you; then please contact us:
- 01484 303585
- or fill in our CONTACT FORM.
we can either meet you in person to go through your agreement or we can go through it clause by clause remotely.
Want to know more?
why might I be offered a settlement agreement?
Settlement agreements are usually offered to employees for two main reasons; either there has been an irrevocable breakdown in the employee/employer relationship (that is not, or not solely, the fault of the employee), which can only be resolved by the employee leaving their employment.
The second common reason for a settlement agreement being suggested is if a redundancy procedure has been instigated and the employer feels that the employee deserves an enhanced package, to reflect their service, or because of inconsistencies in the redundancy procedure followed (again to avoid legal action); the employer will choose to reach an agreement involving a settlement package that allows both parties to walk away without any threat of legal action through an employment tribunal.
Do I have to pay tax on any money I receive?
The answer to this depends on the reason for the payment. If you are being paid monies owed to you as part of your existing employment contract, such as holiday pay, or unpaid wages, then these will be subject to tax. However, if the money is a payment for loss of office, injury to feelings or a redundancy payment, then these are all exempt from tax up to a total of £30,000.
How is my solicitor paid for advising me on my settlement agreement?
Normally your employer will pay our fees and there is no charge to you. In some cases we may offer you a 'no win no fee agreement' if you would like us to enter into detailed negotiations over the amount of money you are being offered. This means of course, that if the employer is not willing to offer more, then you will not be charged for our services in this respect.