Update - revocation of the £95k cap

Feb 18 2021

The Government announced on Friday 12 February that the £95k cap should be treated as if it never applied:

'After extensive review of the application of the Cap, the Government has concluded that the Cap may have had unintended consequences and the [2020] Regulations should be revoked. HMT Directions have been published that disapply the Cap until the Regulations have been revoked.'

Guidance on public sector exit payments