Company closing- can owner-directors get termination payments?

I know we're not entitled to redundancy. Are we entitled to any termination of office or change in employment?
I can't work out the sections 123/201 and sched 3 TCA 1997

Basically - can we use some of the cash still in the company to pay ourselves tax-free termination payments ?

Hi Nick....

Don't have a clue about the answer to your question, but I wanted to say how sorry I am to hear of your situation.... I have always really enjoyed reading your answers to question posed on AAM...

I've a significant disabilty, and a good Travel Agent's essential to me when travelling...

God bless...

Darth...

I'm very touched darthvardar!

Actually things not too bad. Am voluntarily resigning with everything taken care of,including staff, and a few bob left (thats why i'm wondering best tax-free method of getting cash.).

Am old and tired and I want to spend much time travelling-in the sunshine.

Due to my old-man can't-shut-up syndrome I'll be making my comments long time in the future...

Best Regards Nick

Good to hear that, Nick....

I'll need your advice when my caring responsibilities cease, and I'm in a position to take up offers of holidays in Australia, NZ and the US... Being a wheelchair user, good advice and information's vital!!!... I STILL remember attending a conference in Holland... My wheelchair didn't arrive with me... Grrrrrrr!!!!.... Scary!!!!!....

Good idea to get in some travel... Travel that's not a 'Busman's Holiday' will, I'm sure, be a novelty!...

Anyway, enjoy your retirement... You've earned it!

God bless, and Bon Voyage!...

Darth....