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Ben Jones, UK Lawyer
Category: Law
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# Can an employer stop a bonus scheme if it is not in my contract

### Resolved Question:

Can an employer stop a bonus scheme if it is not in my contract but has been give for 20+ years?
Can an employer buy my bonus off me by adding a sum to my salary and if so what would be a fair offer? how should the offer be calculated?
Submitted: 1 year ago.
Category: Law
Expert:  Ben Jones replied 1 year ago.
Hello, my name is ***** ***** it is my pleasure to assist you with your question today. Has the employer actually made an offer to buy the scheme off you?
Customer: replied 1 year ago.

For Ben Jones. No definite offer as yet, I have been told they want to stop the bonus and given a brief outline that their offer will be based on years service and past bonuses up to a maximum of £1500.00

Expert:  Ben Jones replied 1 year ago.
How was the bonus calculated up until now?
Customer: replied 1 year ago.

For Ben Jones, I have been told it is calculated as:-

3.5% of the company nett profit is allocated to the bonus pot, based on the total salary (Thousands) of all employee that are eligible for the bonus. Pot divided by the total salary thousands figure gives a £/thousand value, each employees bonus would be the £/thousand multiplied by their salary?

e.g.

Bonus pot of say £150000.00

Total Salary of eligible employees say £250000.00

£/Thousand = £150000.00/£250000.00 = £0.60

Say my salary is £30000.00 my bonus would be £0.60 * 30

Expert:  Ben Jones replied 1 year ago.
Ben Jones, UK Lawyer
Category: Law
Satisfied Customers: 45315
Experience: Qualified Solicitor - Please start your question with 'For Ben Jones'
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