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