I have been made redundant after 2 years of service.
In my case ex-gratia payment is circa Eur 14k
In my case ex-gratia payment is circa Eur 14k
Basic exemption in my case works out as Eur 11,690 (2 years of service).
I am also entitled to increased exemption of 10K.
My additional amount (above basic 11.7K) is 14-11.7 ~ 2.K. That is less then 10K.
Does it mean that if I apply for Increased Exemption now I give up the right to apply in the next 10 years (even if my sum is less the 10K)? Or I will still be able to claim Increased Exemption for 10K-2K =8K in the next 10 years?
I am also entitled to pension lump sum for circa 2K. Do I give up the right to get this amount tax free in the future (if I sign for Increased Exemption now)?
Thank you so much in advance.
I am also entitled to increased exemption of 10K.
My additional amount (above basic 11.7K) is 14-11.7 ~ 2.K. That is less then 10K.
Does it mean that if I apply for Increased Exemption now I give up the right to apply in the next 10 years (even if my sum is less the 10K)? Or I will still be able to claim Increased Exemption for 10K-2K =8K in the next 10 years?
I am also entitled to pension lump sum for circa 2K. Do I give up the right to get this amount tax free in the future (if I sign for Increased Exemption now)?
Thank you so much in advance.