My employer is threatning to withhold my commission unless i hit a deadline for a project. Is this legal?

Nothing in my contract says that they can do this.

Answer:
I always thought commission was not guaranteed, so in theory they can do this.
Unless it states in your contract that you will get x amount of commission every month etc then they can.
I don't know, but try looking here:

http://www.acas.org.uk/
Hit the deadline-get your commission and then get the heck out of there. You can make your complaint with the department of labor.
yes it is take your head out your ** and do the job
IT depends on your terms of employment. You should have a copy of this if not ask for one.

I assume it is not with your contract.

They can impose it at alater date but have to give you warning of the date that the new terms will commence from. It is up to you weather you accept the new terms and new contract. If yo do not they cannot make you and they will have to keep to the original contract even though new staff will be on the new one.
Yep do what he likes with commission
Commission is performance based by its very nature. However, if your employer has set unattainable targets to achieve the commission payments then you could take them to an industrial tribunal.
Commission is earned income and unless you have signed a waiver to that effect your employer cannot hold your commission. It is against the Fair Labor Standards Act. If s/he does contact the Department of Labor and file a complaint.

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