P paperclip Registered User Messages 336 19 Jul 2011 #1 Hi guys. I'm on an incentivised career break, and was given a 10k lump sum. I've now been offered a redundancy package, which I plan to take. My question, if I've only earned 10k this year, will this be taken into account when I get my redundancy lump sum? I don't know the exact number, but I think you don't start paying tax until you earn over 18k?
Hi guys. I'm on an incentivised career break, and was given a 10k lump sum. I've now been offered a redundancy package, which I plan to take. My question, if I've only earned 10k this year, will this be taken into account when I get my redundancy lump sum? I don't know the exact number, but I think you don't start paying tax until you earn over 18k?
N netz Registered User Messages 85 19 Jul 2011 #2 Statutory redundancy is not taxed, not sure about any extra. More info here: http://www.revenue.ie/en/tax/it/leaflets/it21.html#section2 Not sure about how they will calculate your entitlements though! Good luck!
Statutory redundancy is not taxed, not sure about any extra. More info here: http://www.revenue.ie/en/tax/it/leaflets/it21.html#section2 Not sure about how they will calculate your entitlements though! Good luck!