Redundancy & Taxation.

[Catipillar]

Redundancy & Taxation.

If your offered the statutory redundance of 2 weeks for every year worked - what is the rate of tax on that payment?

If you recieve 6 or 8 weeks redundency or a lump sum as a settlement, how is that taxed?

 

[ClubMan]

Does the Revenue booklet [broken link removed] help at all? the page may also be of interest. I thought that statutory redundancy payments were generally tax free?

 

[europhile]

Re: Redundancy & Taxation.

I know this has probably been discussed elsewhere but I can't find a direct answer to my query.

Statutory redundancy pay is tax-exempt.
Is the EU10,160 and EU765 for each year of service ON TOP of that amount or instead?

Many thanks.