Thanks for that, Betsy Og ,
Are you saying that €10160 plus €765 per anum plus €10,000 can be paid tax free on top of statutory redundancy ?
Also when you mention extra €10,000 if employee has no pension is that if the employer has not made any pension contributions for the employee.Say the employee has their own pension taken out.
Can I do the following :
REDUNDANCY
€600 * 10 YEARS SERVICE*2 +€600= €12600
EX GRATIA PAYMENT
€10160
€765 *10=€7650
€10,000
TOTAL PAYMENT €27810 + €12,600 = €40,410
Reclaimable by Employer on Redundancy €7560
Total cost to employer €32,850
Employee gets €40,410 into hand
Would these figures be correct ? Appreciate any help.Cheers