Policy paper

Restriction of Public Sector Exit Payments

How restrictions of public sector exit payments are implemented.

• From: HM Treasury
• Published: 29 October 2020

This was published under the 2019 to 2022 Johnson Conservative government

This publication was withdrawn on 18 February 2021

Please see updated guidance on Public Sector Exit Payments

Documents

Restriction of Public Sector Exit Payments: Equalities Impact Assessment

PDF, 267 KB, 21 pages

Restriction of Public Sector Exit Payments: Guidance on the 2020 Regulations

PDF, 281 KB, 27 pages

Restriction of Public Sector Exit Payments: HM Treasury Directions

PDF, 142 KB, 8 pages

Details

Exit payments are important for employers to reform and react to new circumstances. They also provide support for employees as they new employment or as a bridge until retirement age.

The Restriction of Public Sector Exit Payments to £95,000 means the government can ensure these payments represent value for money and are fair to the taxpayers who fund them.

The guidance and directions sets out the obligations on individuals and employers and the waiver process for payments over £95,000.

Published 29 October 2020