So firstly who declares the payment? Secondly, how do they take your living costs into consideration. This money would need to be used to continue to pay bills etc.
Okay makes sense. Appreciate my obligation. So I would have to claim benefits as I would have no access to any of these funds.
Sorry Max, would a compromise agreement be treated the same as a redundancy payment. My HR Manager says not as it states payment due to loss of earnings.
Hi Max, The company may now give me a three month notice as per my contract. I am obliged to work it. If they decide to simply pay me for the three months rather than working this, would this still need to be declared. In other words they are giving me notice. I would have give three months if I was to leave.