Is Pay in Lieu of Notice Pensionable? UK Rules and Costs

PILON is not automatically pensionable in the UK. It depends on the employment contract and the scheme's definition of pensionable pay; the scenario table below shows the usual outcomes. You may be checking a final payslip with a notice payment ready to release and a pension deduction that doesn't look right. Before approving it, bring… Continue reading Is Pay in Lieu of Notice Pensionable? UK Rules and Costs