P pepperds Registered User Messages 26 14 Mar 2008 #1 I'm currently going through negotiation of redundancy with my company, who are offering the statutory Irish value plus an enhanced amount. I believe that the statutory is tax-free ? How would the other amount be treated? cheers in advance
I'm currently going through negotiation of redundancy with my company, who are offering the statutory Irish value plus an enhanced amount. I believe that the statutory is tax-free ? How would the other amount be treated? cheers in advance
P pepperds Registered User Messages 26 14 Mar 2008 #2 after doing some digging I've found the following information, which will take a bit of deciphering I guess. http://citizensinformation.ie/categories/employment/retirement/income-tax-in-retirement/retirement_lump_sum_taxation http://www.revenue.ie/index.htm?/leaflets/it21.htm
after doing some digging I've found the following information, which will take a bit of deciphering I guess. http://citizensinformation.ie/categories/employment/retirement/income-tax-in-retirement/retirement_lump_sum_taxation http://www.revenue.ie/index.htm?/leaflets/it21.htm
T Towger Registered User Messages 2,381 14 Mar 2008 #3 Have a look at the Dept of Trade and Enterprise site : http://www.entemp.ie/employment/redundancy/