Employment Lawyers Can Answer Your Employment Law Questions
I have received my final payslip as previously advised and the payment has been paid into my bank account.
The £5,000 Pension Contribution has not yet been paid into my Pension plan.
As far as I can see my ex-employer is underpaying me by £5,000 Gross.
The redundancy settlement was included in my final salary payslip and the entries shown as £30,000 ( Tax/NI free ) £15,777 ( Taxed no NI ) and a separate Pension Salary sacrifice deduction of -£5,000 i.e. £40,777 received..
While I would expect to see the Pension Salary Sacrifice deduction I would also expect to see the same figure shown as a positive figure in order to ensure that overall Gross settlement figure comes to £45,777 and not £40,777.
The Termination Settlement amount was agreed verbally and then included in as part of a clause entitled Termination Payments within a Settlement Agreement Contract ( checked and signed by a Solicitor acting for me and signed and returned by myself ).
The exact wording of the above clause reads as follows:
(a) Subject to the Employee's compliance in full with his obligations as st out in this Agreement the Company will pay to the Employee on or before 27th September 2015
(b) £45,777 as compensation for the termination of his employment ( the "Compensation Payment" ) which includes any statutory redundancy payment to which he may be entitled; and
(c) £5,000 payable on or after 2 May*****of pension contribution into the Employee's pension ( "Pension Contribution" )
subject to the Company receiving by 1st September 2015 a signed copy of this Agreement and the Certificate at Schedule I signed by the Qualified Lawyer ( defined below ).
I hope this helps as it appears that my ex-employer have not actually adhered to the terms of this clause.