Source: XpertHR P&D Date: 05/01/2005 Publisher: XpertHR

Premiums and allowances: Letter setting out an agreement for repayment of a loan (letter)

TOPICS:
pay and benefits benefits (pay-related and other)

AUTHOR: Tim Russell and Lynda Macdonald


Letter wording: This letter sets out all the terms on which the Employer is prepared to advance you a loan of £[ ] on [ ] for the following purpose [eg season ticket/welfare loan].

The terms on which the Employer agrees to make this loan are set out below.

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