Golden handshakes

By Tolley in association with Philip Rutherford
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The following Employment Tax guidance note by Tolley in association with Philip Rutherford provides comprehensive and up to date tax information covering:

  • Golden handshakes
  • Introduction
  • Golden handshakes

Introduction

Golden handshakes is a term used to describe certain payments to employees. Specifically, it is a term that is used for a payment on termination. The tax treatment of the payment will depend on the underlying reason for the payment. There is no statutory definition of a golden handshake.

Golden handshakes

The tax treatment for the golden handshake will depend on the rationale for the payment. You should consider whether the payment is for:

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