Breaking Down Redundancy Payments
Posted on | September 14, 2009 | No Comments
We’re introducing a redundancy section to our website to help explain a difficult and stressful topic. We will of course be focussing on Tax issues associated with Redundancy, but will look at other parts also.
Firstly, we would like to introduce an overview of Redundancy and Tax. Redundancy taxation is usually presented in a big pile on our plate, but we can break it down a bit to help understand it better. This is shown as a graphic below, with the main pieces + one slice being:
- Statutory redundancy amount
- Revenue Exempt redundancy payments
- Taxable amounts (including Top Slicing Relief)
More about Redundancy
You can also find the Redundancy Overview here. We will be adding further articles to our redundancy section going forward.
John
Red Oak Tax Refunds
Tags: exempt redundancy > lump sum payment > Redundancy > redundancy payments > redundancy tax > redundant > statutory redundancy > tax free redundancy
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Welcome to the Red Oak Tax Refund Blog, where we will discuss money matters, tax and in particular tax refunds relating to PAYE employment in Ireland. If you have any topics you would like discussed, send us a mail to refunds@redoaktaxrefunds.ie and happy reading!.
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