News

On Friday 12th February 2021 the government issued the Exit Payment Cap Directions 2021 which disapply parts of the Restriction of Public Sector Exit Payments Regulations 2020 in England with immediate effect.

The Government has confirmed that, due to unintended consequences, the public sector exit cap will not apply to exits from 12 February 2021.

The legislation implementing the £95k cap on exit payments has now been signed and comes into force on 4 November 2020. This means that there will be a limit on the amount of costs for early retirement due to redundancy.