- Sign into your account as Workmax
- Go to the “Payroll” Section.
- Select the pay period you need to run and click “Run payroll”.
- Select the employee you want to pay a “Termination payment”.
Ensure that the employee can earn “Termination payment”.
- Click “Other earnings”.
- Click “Add other earnings”.
- Select “Termination pay”.
- Enter amount.
Termination payments until £30,000 are tax-free; anything over £30,000 will be liable to a tax deduction.