Originally posted by jamesbrown
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Originally posted by jamesbrown
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Is it possible to have non-contractual PILON?! Surely to be PILON (payment in lieu of notice), there must be an agreed (ie in a contract) notice period. If the notice period is in the contract, payment for it is also obligatory. Hence to my mind payment for any notice period must be contractual, so in turn PILON must be contractual too?
Anyway, I think we're agreed Really Not Real's wife's redundancy would not qualify as tax free, sorry RNR! In practice I struggle to think of any situations where a contractor type company could pay out a £30k tax free redundancy to the owner/significant other.
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