tax and redundancy

P

partnership

Registered User

Messages

583

• 22 Dec 2013

• #1

How much tax would you pay on redundancy of 115k approx not statutory as d stamp average wage 75k.

 

V

vandriver

Registered User

Messages

1,961

• 23 Dec 2013

• #2

Get reading!
http://www.revenue.ie/en/tax/it/leaflets/it21.html#section5

 

P

partnership

Registered User

Messages

583

• 23 Dec 2013

• #3

Thanks Vandriver but I did try it is impossible to understand. I think it will all be taxed as the increased limit does not apply if you get a pension lump sum later or so it seems!

 

S

Sue Ellen

Moderator.

Messages

9,679

• 24 Dec 2013

• #4

If top slicing relief is relevant in this scenario then you need to apply before 31st December as it is being scrapped then.