Take That will reportedly be rewarded with a £2m Christmas bonus from their record label Universal.
According to The Mirror, the newly reformed band will perform at a New Year's Eve party in Barbados for company executives as part of the deal.
A source told The Mirror: "The lads have had arguably the best year in their 20-year history, and bosses wanted to celebrate with a truly memorable party. It's all top secret.
"No-one's been told the precise venue yet - just that it will be beach-side, somewhere on the west coast. The boys are really looking forward to it and will use the evening to showcase some ideas for next year's tour.
"They won't just be standing up and crooning a few ballads. It's going to be a huge production, no expense spared.”
However, it has since been reported that Robbie Williams will be unable to perform at the event due to "long-standing family commitments".
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