Taxation of Redundancy Payment

Ryan

Registered User
Messages
217
I’m wondering how this works?
I’ve calculated approx €9k of my severance package is taxable but is it seen as income for that month in which case I would pay 40% tax on it?
Do I have to wait until the end of the year to reclaim any overpayment, I very much suspect if it was taxed at 40% there would be an overpayment
 
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