I reeling after just being informed that due to the down turn I have the option of being reduced to a 2.5 day week coupled with a 20% wage reduction or taking redundancy. I'm only in the company 2 years and redundancy is likely to be statutory or very marginally above it, in short pitance!
On a brighter note I may have another job lined up. My question is, while the redundancy, even if it is only around €2000 would come in handy at the moment but am I using up a tax allowence by taking it? If I was offered a decent redundancy package from the new job in a few years time could taking this small package result in a big tax hit on a decent package down the line.
Many Thanks
Sean
On a brighter note I may have another job lined up. My question is, while the redundancy, even if it is only around €2000 would come in handy at the moment but am I using up a tax allowence by taking it? If I was offered a decent redundancy package from the new job in a few years time could taking this small package result in a big tax hit on a decent package down the line.
Many Thanks
Sean