Hello! I joined a company in the UK 6 months ago, and received a £20,000 gross sign on bonus - clause associated to this however was that I stay for a minimum of 12 months. Unfortunately, the role is really proving to be the wrong fit, and I am looking to leave.

Question for you all - if I resign, I assume I would be expected to pay back the sign on bonus despite me only receiving approx 12k after tax. Anyone know the process for a tax clawback for something like this? Thanks in advance!

likeuplifting
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Get a good tax accountant to advise on the clawback, it is generally possible

helpful

Firm might be able to adjust their payroll for the month you received the bonus as it's all in one year. This would also mean you don't lose out on your class 1 employee's NIC.

helpful

Obviously I dont know your financial situation, but I imagine you have a 1 month or 3 month notice period. You really can't slog it out for another 6 months? Just target roles in the mean time and start interviewing.

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