Academies severance payments form
EFA form for academy trusts to seek prior approval for non-contractual payments of or over £50,000.
MS Excel Spreadsheet, 27.9KB
This file is in an OpenDocument format
For academy trusts to make non-contractual payments of or over £50,000, they must seek prior approval from the Education Funding Agency (EFA) using the severance payments form.
The form is available in two alternative formats:
- a Microsoft Excel workbook
- an open document spreadsheet
Contact form https://form.education...
For schools, local authorities, other education institutions and providers, accountants, auditors and other professional advisers with queries for the Education Funding Agency
Published: 11 March 2014
Updated: 2 February 2016
- The Education Funding Agency (EFA) has updated the severance payments form for academy trusts wishing to seek approval for non-contractual payments over £50,000. The main changes to the form are the need to include a financial assessment and the requirement to demonstrate that all alternative options have been explored before deciding to make a non-contractual severance payment.
- First published.
From: Education Funding Agency