top slicing relief discontinued on amounts over €200k

over €200k

How will this work? I am being made redundant after 37 years service and I will exceed the €200k severence package. It does not appear fair that I would get no top slicing relief after all this service, yet if my package was €199.9k I would get full significant relief. Will I not be entitled to some relief up to the €200k?

It's not clear from what he said today, but I'd be surprised if their isn't some kind of marginal relief - i.e. Step 1: the liability is calculated based on a figure of 200k and that is the amount of top slicing relief to be given, and then Step 2: the actual taxable lump sum is put into the assessment and tax calculated accordingly, but the top slicing relief as per step 1 is what is applied.

That is a simple, fair and straightforward way to do it and it only took me 30 seconds to figure it out, so hopefully the guys getting the big bucks managed it!

Thanks for your input. That sounds logical and fair. I hope that's the way it works out as its a nasty sting I didn't anticipate.

Has there been any further clarification on whether marginal relief is available up to the €200k? I cannot get any definite confirmation at this stage.