Wednesday 20 March 2019

Latest News

16 September 2016

Update: Cap on Exit Payment and Recovery Regulations

Government has provided us with the following update on the exit payments cap and the recovery regulations.

1)         There will be a further consultation this autumn on regulations for the £95,000 exit payments cap, so they will not be in force in October as originally anticipated. Following this consultation it is hoped that regulations will be published and in force early next year.

2)         The recovery regulations for those earning £80,000 or more are expected to be published and in force this year, subject to their passing by both Houses of Parliament under the affirmative process

3)         The Government's response to the February consultation on further reforms to public sector exit payments should be published shortly.

 

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