Weekly Issue 384

Women managers face “pay crisis”

According to a survey published last week by the Chartered Management Institute, a “mid-life pay crisis” is hitting female managers, with women aged 40-plus earning 34 per cent less than men.

Taxable payments

Section 401 of the Income Tax (Earnings and Pensions) Act (ITEPA) states that payments received in connection with “the termination of a person’s employment” are only taxable to the extent that they exceed £30,000.

Pay rise

For a contract to have effect, one party must make an offer which is accepted by the other. In Hershaw and ors v Sheffield City Council, the Employment Appeal Tribunal (EAT) held that employees do not have to formally accept the offer of a pay rise because by continuing to work, they are deemed to have accepted it.