Taxation of one off DEASP payments etc.,

[Roro999]

Are Govt once off lump sums such as the just announced in the budget invalidity pension €400 payment taxable ?

 

[ClubMan]

What specific payment(s)?

Budget 2024

Learn about how Budget 2024 will affect your Social Welfare payments. Full details of the changes in this year's budget.

www.gov.ie

Invalidity pension is already assessible for tax so presumably any once-off additional payment will be too.

Invalidity Pension

Invalidity Pension is a social insurance payment that may be paid to people who cannot work because of a long-term illness or disability.

www.citizensinformation.ie

Tax and Invalidity Pension

Invalidity Pension is a taxable source of income. The DSP informs Revenue that you are getting Invalidity Pension and the amount paid to you.

 

[Roro999]

Thanks Clubman. They give you 100% lump sum but take a slice back at 20% or 40% tax.

 

[ClubMan]

Thanks Clubman. They give you 100% lump sum but take a slice back at 20% or 40% tax.

Or 0% if you're under the tax exemption threshold.