Dated [enter date]
[The Employer will pay the Employee [insert number] weeks’ pay in lieu of notice (PILON) which will be paid less tax and National Insurance contributions. This PILON comprises [insert details of amounts corresponding to wages/salary, bonus/commission, accrued but untaken holidays, and so on.]The amount of post-employment notice pay (PENP) for HMRC purposes is [insert … ................
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