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Redundancy - PRSI/Income Levy tax question

Demps · 2009-07-06 14:27:40

Hi Have shown interest in voluntary redundancy at work, received the figures and have the following questions: Taxable amount has been calculated to be 54,007, deductions are: Tax at 41% - 22,143 (fair enough) PRSI at 5% - 2,700 Income levy at 6% - 3,240 Are the latter two correct an extra 11% on top of normal tax seems…

06-07-2009 2:27pm

#1

Demps

Closed Accounts Posts: 18 ✭

Join Date: October 2006

Posts: 10

Hi

Have shown interest in voluntary redundancy at work, received the figures and have the following questions:

Taxable amount has been calculated to be 54,007, deductions are:
Tax at 41% - 22,143 (fair enough)
PRSI at 5% - 2,700
Income levy at 6% - 3,240

Are the latter two correct an extra 11% on top of normal tax seems very harsh - looking at revenue website says PRSI is not reckonable

Anyone know the answer

thanks

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