Discussion in 'Redundancy, unemployment & jobseekers entitlements' started by rogeroleary, Mar 11, 2017.
Yes, absolutely. Share options are included in the calculation.
Well I got it in writing from Revenue that it is included. Particularly relates to maternity benefit and illness benefit.
Could you clarify exactly what Revenue advised?
Was it that all taxable social welfare benefits could be included as remuneration for the last 3 years of service in computing the SCSB?
No...it's social welfare that's linked to the employment. e.g. Maternity benefit, sick pay, etc.
In relation to average pay over the previous 36 months for a SCSB calculation, SCSB is determined on the average for one year of the holder’s emoluments of the office or employment for the last three years of service before the relevant date. Section 993 of the TCA, 1997, defines "emoluments" as anything assessable to Income Tax under Schedule E, and references to payments of emoluments include references to payments on account of emoluments.
I guess it is covered under the payments on account of employment. They specifically confirmed MB and IB in the note.
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