Labour & European Law Review
27 August 2014
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.
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.
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.