’Last week with the assistance of BALPA, an agreement was obtained with HMRC to allow the payment of PILON free of taxation. The fact of this agreement, will we understand allow substantial savings for the Company through the reduction of National Insurance Costs on the monies due. Therefore to include sector pay on PILON will in fact not cost the company anything.’
From an agreement made in 2012. So there is potentially a precedent for ongoing negotiations.