FORUMS > Bradford Bulls > Jason Crookes |
![](images/sitelogos/rlfansall.jpg) |
|
Rank | Posts | Team |
International Star | 1241 | No Team Selected |
Joined | Service | Reputation |
Jan 2011 | 14 years | |
Online | Last Post | Last Page |
Nov 2015 | Jun 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
54160_1346152966.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54160.jpg |
|
| Quote: redeverready "How do you work that out.'"
How does he work what out ??
The net impact or the £30k tax free bit ??
|
|
|
|
Rank | Posts | Team |
Player Coach | 9553 | ![](images/sitelogos/fullsize/19.png) |
Joined | Service | Reputation |
Jun 2005 | 19 years | |
Online | Last Post | Last Page |
Sep 2024 | Aug 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: pulsator2k7 "How does he work what out ??
The net impact or the £30k tax free bit ??'"
the 30k tax free bit I'd imagine. doubt crookes is on that much a year in total, let alone as a redundancy payment (which paying off a players contract wouldnt count as anyway).
|
|
|
|
Rank | Posts | Team |
International Star | 1241 | No Team Selected |
Joined | Service | Reputation |
Jan 2011 | 14 years | |
Online | Last Post | Last Page |
Nov 2015 | Jun 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
54160_1346152966.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54160.jpg |
|
| Well if it is redundancy what Jockabull means is that the 1st 30k of redundancy is non-taxable, where as anything after that is taxed at what ever rate of tax that person pays.
|
|
|
|
Rank | Posts | Team |
Player Coach | 15035 | ![](images/sitelogos/fullsize/19.png) |
Joined | Service | Reputation |
Feb 2006 | 19 years | |
Online | Last Post | Last Page |
Sep 2024 | Aug 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
21910.gif [u:b26ka63j][size=150:b26ka63j][color=black:b26ka63j][b:b26ka63j]I can accept failure, but I can't accept not trying.
[/b:b26ka63j][/color:b26ka63j][/size:b26ka63j][/u:b26ka63j]
[size=117:b26ka63j]Michael Jordan[/size:b26ka63j]:21910.gif |
|
| Quote: pulsator2k7 "How does he work what out ??
The net impact or the £30k tax free bit ??'"
The 30k figure
|
|
|
|
|
Rank | Posts | Team |
International Star | 1241 | No Team Selected |
Joined | Service | Reputation |
Jan 2011 | 14 years | |
Online | Last Post | Last Page |
Nov 2015 | Jun 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
54160_1346152966.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54160.jpg |
|
| Quote: redeverready "The 30k figure'"
The 1st 30k of redundancy is tax free in which the tax man does not need to know about ![Very Happy icon_biggrin.gif](images/smilies//icon_biggrin.gif)
|
|
|
|
Rank | Posts | Team |
International Star | 884 | No Team Selected |
Joined | Service | Reputation |
Nov 2010 | 14 years | |
Online | Last Post | Last Page |
Dec 2017 | Jun 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: redeverready "How do you work that out.'"
Quote: redeverready "Well if it is redundancy what Jockabull means is that the 1st 30k of redundancy is non-taxable, where as anything after that is taxed at what ever rate of tax that person pays.'"
What he said. ![]()
I know that. More intrested where the 30k figure comes from.
|
|
|
|
Rank | Posts | Team |
International Star | 884 | No Team Selected |
Joined | Service | Reputation |
Nov 2010 | 14 years | |
Online | Last Post | Last Page |
Dec 2017 | Jun 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Thats it, its the upper limit for tax free redundancy payment. I was commenting on what I thought Crookes had been paid if thats what you were thinking. Sorry if it came across as that!
|
|
|
|
|
Rank | Posts | Team |
International Star | 1241 | No Team Selected |
Joined | Service | Reputation |
Jan 2011 | 14 years | |
Online | Last Post | Last Page |
Nov 2015 | Jun 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
54160_1346152966.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54160.jpg |
|
| Quote: redeverready "I know that. More intrested where the 30k figure comes from.'"
I think he just stated it as if the payoff was in fact redundancy and it went over 30k, not the actual figure he would get lol
|
|
|
|
Rank | Posts | Team |
Player Coach | 1323 | No Team Selected |
Joined | Service | Reputation |
Feb 2007 | 18 years | |
Online | Last Post | Last Page |
Jul 2024 | Mar 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: jockabull "Don't see why it wouldn't. Employer is terminating his contract prematurely, would have thought that fits the bill for redundancy/compromise agreement? I'm not an HR bod, normally only see this from the payroll side, so could be wrong.'"
I'm not an HR bod either, but I did go through a redundancy with Corus. Essentially, you cannot make a person redundant - it is the role that goes.
Therefore, we would be saying that there is no longer a requirement at the club for a 5th choice centre (or whatever). All people whom that might effect (Platt, Sykes, Whitehead, Lulia, Purtell etc. etc.) would then have to go through the same redundancy procedure before it's decided who is to leave.
I'm not being facetious here - I found the thought of this procedure quite amusing when applied to sportsmen. The interviews would have made great viewing (so Paul, what do you think you bring to the team?).
I'm sure you would be spot on with a compromise agreement, as with Glenn Hall.
|
|
|
|
Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Aug 2020 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
|
| If you read the RFL Operational Rules, it makes clear reference to the standard "RFL Compromise Agreement" that I think is meant to be used by default whenever a club terminates a player's contract.
Any contractual payments will be taxable. That means if a player still had say a year left on his contract and the club paid him that year - whether in the form of a PILON (pay in lieu of notice) or as salary up front - then that payment is generally taxable and subject to NIC, as there is a contractual commitment to pay.
What is NOT taxable is compensation for breach of contract (up to £30k). So the usual approach is to terminate the contract without notice (since paid notice would be taxable) and pay a sum (tax-free up to £30k) in compensation. Since the breach of contract by the employer frees the employee from his own obligations under the contract (including the obligation to keep his trap shut and not bad-mouth the club), you get him to sign a Compromise Agreement where, in consideration of him receiving the compensation payment he undertakes to do (or not do) certain things. He has to receive independent legal advice, paid for by the employer, confirming he does not lose anything by signing, before the agreement becomes legally effective.
The advantage of the above route is that it costs the employer a lot less to get the same net payment to the employee. Its an area full of pitfalls though, and HMRC are always very interested in the paperwork and precise details of each such case. Been there, done that numerous times.
|
|
|
|
Rank | Posts | Team |
International Star | 884 | No Team Selected |
Joined | Service | Reputation |
Nov 2010 | 14 years | |
Online | Last Post | Last Page |
Dec 2017 | Jun 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Stul "I'm not an HR bod either, but I did go through a redundancy with Corus. Essentially, you cannot make a person redundant - it is the role that goes.
Therefore, we would be saying that there is no longer a requirement at the club for a 5th choice centre (or whatever). All people whom that might effect (Platt, Sykes, Whitehead, Lulia, Purtell etc. etc.) would then have to go through the same redundancy procedure before it's decided who is to leave.
I'm not being facetious here - I found the thought of this procedure quite amusing when applied to sportsmen. The interviews would have made great viewing (so Paul, what do you think you bring to the team?).
I'm sure you would be spot on with a compromise agreement, as with Glenn Hall.'"
I don't think its the same concept for fixed term contracts. I've been through a similar process at my work though. Weird isn't it how you everyone always knows who's getting sacked before the "process"....
|
|
|
|
Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Aug 2020 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
|
| Quote: jockabull "I don't think its the same concept for fixed term contracts. I've been through a similar process at my work though. Weird isn't it how you everyone always knows who's getting sacked before the "process"....'"
Stul is pretty well correct mate. That's why its done through the compromise agreement route, as Hall was.
|
|
|
|
Rank | Posts | Team |
International Chairman | 17138 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Sep 2024 | Aug 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
755_1290430740.jpg “At last, a real, Tory budget,” Daily Mail 24/9/22
"It may be that the honourable gentleman doesn't like mixing with his own side … but we on this side have a more convivial, fraternal spirit." Jacob Rees-Mogg 21/10/21
A member of the Guardian-reading, tofu-eating wokerati.:d7dc4b20b2c2dd7b76ac6eac29d5604e_755.jpg |
|
| Quote: jockabull "I don't think its the same concept for fixed term contracts. I've been through a similar process at my work though. Weird isn't it how you everyone always knows who's getting sacked before the "process"....'"
Do you mean they can't just sack you for being Scottish any more? It's political correctness gone mad.
|
|
|
|
Rank | Posts | Team |
International Star | 884 | No Team Selected |
Joined | Service | Reputation |
Nov 2010 | 14 years | |
Online | Last Post | Last Page |
Dec 2017 | Jun 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| I can still be legally killed with a crossbow from the castle walls at Berwick (or whats left of them)...
|
|
|
![](images/sitelogos/rlfansall.jpg) |
|
![](images/sitelogos/rlfansall.jpg) |