Hi
Im a due to take a career break from work in January. I am getting a one off lump sum payment due on the 28th January liable to tax and as it 75% of my years salary; I am going to be taxed heavily (at the higher rate of tax I imagine). The amount is all within the 36K lower tax bracket. As I am heading away for the year and don’t plan on working for the year in Ireland, I am wondering if I am entitled to claim back any tax paid in the higher tax bracket? If so do you know how to go about it? I have seen something about a P50 on the revenue site but am still not sure.
Can anybody advise?
Thanks
Karl
Im a due to take a career break from work in January. I am getting a one off lump sum payment due on the 28th January liable to tax and as it 75% of my years salary; I am going to be taxed heavily (at the higher rate of tax I imagine). The amount is all within the 36K lower tax bracket. As I am heading away for the year and don’t plan on working for the year in Ireland, I am wondering if I am entitled to claim back any tax paid in the higher tax bracket? If so do you know how to go about it? I have seen something about a P50 on the revenue site but am still not sure.
Can anybody advise?
Thanks
Karl