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Redundancy
7. Normal Payment Practice
In practice, some employers pay more - sometimes a lot more - than the minimum.
7.1 You may pay more for several reasons.
- To encourage people to volunteer.
- Out of goodwill, to maintain good relations with ex-employees, or to keep up the morale of employees who remain.
- Because of provisions written into your employees' contracts, or because of custom and practice in your industry.
7.2 Redundancy pay of up to £30,000 is usually free of tax.
- Check your redundancy payment plans in advance with HM Revenue & Customs.
Labels: Employment Regulations
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