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Settlement Agreements Tax

07 oct Settlement Agreements Tax

Depending on the specific conditions of the agreement, the worker undertakes to renounce his rights, to assert rights at work against the employer against a comparative figure. However, this figure may be subject to tax and social security deductions. You should discuss this with your employer before accepting an advisor to confirm if and to what extent they will pay your legal fees in relation to the settlement agreement. It is customary for a settlement agreement to be concluded shortly before or after the termination of an employee`s employment contract. These agreements are sometimes used when redundancies are made, but they can be used in a number of situations….

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