I suspect you have answered your own question here.
- I work in financial services and there is a regulatory requirement that employees must take 10 continuous working days of leave in a calendar year (it is related to fraud prevention). I have not yet taken these 10 days and would prefer to be paid for them on termination rather than be forced to take them. Am I still required to take those 10 days even though I am being terminated? My employer says yes, but I am trying to do my own research rather than taking their word at face value.
Sorry, I should rephrase that. I think there is a regulatory requirement but I haven't been able to find it yet. All I have is company policy now which may or may not be enforceable. Also the fact that I am being let go may / may not affect this requirementI suspect you have answered your own question here.
It won't be. Jobseekers Benefit is taxable.one slight bonus is that your *Dole which you are entitled to 9 months of will be tax free.
I meant if he didn't earn anything during the year there would be no tax due.It won't be. Jobseekers Benefit is taxable.
Net of tax ? If you're on the higher rate you'd be mad in my opinion not to take the hoildays. Also take them immediately so you can take time to get advice on all this. The tax savings are only if you don't work in the following year so unless you plan on retiring or taking a long break it's not that useful. Either way take a weeks holiday now and think about it. Also consider putting some of it into your pension to avoid the tax.it would equate to an extra €3k or so if I can take the leave as pay instead
€3k net of tax if I take the holidays as pay instead of taking the time off work, so I don't want to take the time off and take the money instead. I've already maxed out my pension contributions. And I plan on starting my own business so I could be earning very little or nothing next year which is why I want the package to be paid in 2023.Net of tax ? If you're on the higher rate you'd be mad in my opinion not to take the hoildays. Also take them immediately so you can take time to get advice on all this. The tax savings are only if you don't work in the following year so unless you plan on retiring or taking a long break it's not that useful. Either way take a weeks holiday now and think about it. Also consider putting some of it into your pension to avoid the tax.
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