Is my contract unfair?

carlw

hcb42 wrote: »

should be paid back, it is a waste of an opportunity too, such jobs are hard to find

Well there is a job going if you interested!!??

donquine

carlw wrote: »

Thanks very much for this, no the job is in financial services but not accountancy based at all, my qualifications will be of no benefit, but my experience will. I had had enough and wanted a career change. To be fair the reason i chose not to study here was because my job over the years had moved into an area away from accounts, although i still did a small amount of accounting the training was not relevant for what i did.

I will get onto HMRC, and ill try and negotiate with my employer but i just really wanted to know where i stood and that seems clear now.

Thanks

All the best with the new job.

If you can get out of paying the fees, all the better, but if not, presumably this change of direction will make you happier and that's got to be worth something.

Some accountancy jobs are soul destroying and until you've worked in the field, you can't really judge. Legally, you will have to pay back the fees if your employer won't let you off, but I don't think you're stupid for walking away if you were stagnating in a role after 6 years. Expensive decision, but maybe also a good one. Hope it turns out to be the case for you.

Onwards and upwards.

carlw

donquine wrote: »

All the best with the new job.

If you can get out of paying the fees, all the better, but if not, presumably this change of direction will make you happier and that's got to be worth something.

Some accountancy jobs are soul destroying and until you've worked in the field, you can't really judge. Legally, you will have to pay back the fees if your employer won't let you off, but I don't think you're stupid for walking away if you were stagnating in a role after 6 years. Expensive decision, but maybe also a good one. Hope it turns out to be the case for you.

Onwards and upwards.

Thanks very much for your support, you could not be more right, onwards and upwards. If i have to pay its still worth it, but obviously wanted to check first.

Thanks

KiKi

carlw wrote: »

it just seems like a way for an employer to trap its staff through fear of a large bill if they leave.

You already have your legal answer, but I just wanted to add that it's not about trapping staff through fear.

So often an organisation pays for an employee to study for, say, three years, then the employee leaves and goes elsewhere. The employer forked out thousands of pounds for training and doesn't see the benefits. A contractual term such as that is really intended to ensure that the employer gets some return on their investment, otherwise it's not worth their while and they wouldn't offer those packages.

KiKi

Savvy_Sue

carlw wrote: »

The contract actually says
"the employer retains the right to reclaim all of your study costs should you resign within one year of receiving or decide not to continue with your studys"

sounds like they could legally have asked for all your study costs back because you'd given up studying, although there may be a word missing in your post. But did you stop studying or just 'go through the motions' while continuing to let them pay your costs?

KiKi wrote: »

A contractual term such as that is really intended to ensure that the employer gets some return on their investment, otherwise it's not worth their while and they wouldn't offer those packages.

Absolutely!

heretolearn_2

If i remember correctly i can put a self assessment tax claim in for any study costs i am recharged and will be refunded the 20% tax i have paid. Can somebody please confirm this is correct?

No, as someone else said earlier, this is not correct. CPD and mandatory type training is claimable - i.e. once you are a qualified ACCA the further annual courses you have to do as CPD are, however initial training in a career isn't.