What is the statutory notice period?
Statutory notice is the minimum notice an employer must give when ending employment. Employees are entitled to one week for each complete year of service, up to 12 weeks. Your contract may specify a longer period, and the longer period applies.
What is payment in lieu of notice?
Payment in lieu of notice, or PILON, is a lump sum paid instead of working the notice period. Since April 2018, PILON is subject to income tax and National Insurance as earnings.
What is garden leave?
Garden leave is when you are on notice but are not required or allowed to attend work. You remain employed, receive full pay and benefits, and continue to accrue holiday.