D denlaw Registered User Messages 8 23 Jun 2011 #1 Will they tax my redundancy ? I'm being let go in august and just want to know if I'll be taxed on it .. Thanks ia ..
Will they tax my redundancy ? I'm being let go in august and just want to know if I'll be taxed on it .. Thanks ia ..
I Ildánach Registered User Messages 405 24 Jun 2011 #2 If it is a statutory redundancy then it is tax free. If it is more then the portion that is in excess of the statutory may be taxed, but there are certain allowances and limits. See here for full details http://www.citizensinformation.ie/e..._retirement/retirement_lump_sum_taxation.html
If it is a statutory redundancy then it is tax free. If it is more then the portion that is in excess of the statutory may be taxed, but there are certain allowances and limits. See here for full details http://www.citizensinformation.ie/e..._retirement/retirement_lump_sum_taxation.html
P Protocol Registered User Messages 4,660 24 Jun 2011 #3 http://www.revenue.ie/en/tax/it/leaflets/it21.html