Tax due on 2nd redundancy payment?

G

ger51

Guest
Hello, I was made redundant in 2001, received both statutory and ex gratia payments, paid taxes as were due. Now with things as they are today, a good chance redundancy will come up again, will be the statutory payment this time, no extras. What are the tax implications on receiving statutory a second time? Many thanks.
 
Re: Redundancy querie.

Statutory redundancy is not taxable regardless of whether you have received a termination payment previously. So you will not pay any tax on the payment (income tax, PRSI or health levy)

Bailey
 
You must log in or register to reply here.
Back
Top