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Signing incoming today

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friskneymariner
November 29, 2021, 2:40pm

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Quoted from Fillipe Noche


You are ill informed

For  once in my  life I agree with Felippe (is there a full moon tonight) even if the employee takes voluntary redundancies they still can sue within 3 months.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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arryarryarry
November 29, 2021, 2:43pm
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Quoted from GollyGTFC


No. If a contract is terminated early it is classed as redundancy with the player receiving the legal tax free limit (£30k) on redundancy pay.


Whilst a contract can be terminated with both the agreement of the employer and employee it is not automatically classed as redundancy as has been already explained to you the position has to be made redundant.

So therefore the first £30,000 would not be classed redundancy pay. However a payment of up to £30,000 can be paid tax free as for example Pay In Lieu of Notice or Compensation for Loss of Office unless these payments were already written into the contract then they could not be classed as payable tax free.
  
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arryarryarry
November 29, 2021, 2:45pm
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Quoted from chaos33
What’s the source of this info on signing this player?


Stop asking silly questions.

Now if you want to know about redundancy payments......................................
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KingstonMariner
November 29, 2021, 3:01pm
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Quoted from IlkleyMariner
Typical fishy.
We have a headline about a new player coming in
It descends into an argument about costs of dismissing an existing player…..


At least for once it is enlightening


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Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same.
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WOZOFGRIMSBY
November 29, 2021, 3:05pm

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I think it’s a great idea if the players are getting paid off. It frees up space in the squad and more importantly it free’s up space in the football equivalent of A&E!!!!! Therefore those players that actually have a chance of playing can have the focus/treatment they need


He’s one of our loans
He’s one of our loans
Harvey Cartwright
He’s one of our loans
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KingstonMariner
November 29, 2021, 3:05pm
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Quoted from arryarryarry


Whilst a contract can be terminated with both the agreement of the employer and employee it is not automatically classed as redundancy as has been already explained to you the position has to be made redundant.

So therefore the first £30,000 would not be classed redundancy pay. However a payment of up to £30,000 can be paid tax free as for example Pay In Lieu of Notice or Compensation for Loss of Office unless these payments were already written into the contract then they could not be classed as payable tax free.
  


I was going to say pretty much the same thing.

It’s been £30k tax free for years. At least 10. Odd that it hasn’t been increased with inflation.


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For in our hearts the dreams are still the same.
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BobbyCummingsTackle
November 29, 2021, 3:06pm
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What does everyone think about players taking the knee before games?.......


Miss Scunthorpe. Not a beauty pageant, just sound advice.
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WOZOFGRIMSBY
November 29, 2021, 3:11pm

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What does everyone think about players taking the knee before games?.......


Over here in Northern Ireland, there’s blokes that go looking around to take knees all the time. Dress code hasn’t changed in years, and because of the inclement weather, they always feel it’s better to air on the side of caution and wear balaclavas


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Fillipe Noche
November 29, 2021, 3:14pm
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Quoted from KingstonMariner


I was going to say pretty much the same thing.

It’s been £30k tax free for years. At least 10. Odd that it hasn’t been increased with inflation.


There is no redundancy situations as described above

PILON is taxed as normal, as it isn’t redundancy.

Because of the additional amount in a PILON payment, it’s likely that you could get taxed more than you anticipated, as a payroll system will assume that you are going to continue to receive such amounts weekly/monthly. This is likely to be adjusted in your next salary payment, assuming you are going to be employed elsewhere. Or, if you don’t gain employment thereafter, it can be claimed back at the end of the tax year.
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TinklerMan
November 29, 2021, 3:16pm
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Oh Jesus, so have we signed a new player or not ?
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