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Redundancy Lump Sum & Rejoining Original Company

Adam K · 2012-03-29 10:48:44

I was made redundant in 2009 but now have the possiblity to re-join the same company again this summer. It was a compulsory reducdancy & my previous role does not exist any more, in fact the whole division is gone, so I will be hired back into a brand new role. My question is, will there be any tax implications in relation…

29-03-2012 10:48am

#1

Adam K

Registered Users, Registered Users 2 Posts: 6 ✭

Join Date: May 2001

Posts: 4

I was made redundant in 2009 but now have the possiblity to re-join the same company again this summer.

It was a compulsory reducdancy & my previous role does not exist any more, in fact the whole division is gone, so I will be hired back into a brand new role.

My question is, will there be any tax implications in relation to the original lump sum redundancy payment ? Will I need to pay additional tax on it or is there anything else I need to keep any eye out for.

Thanks

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Comments

#2 29-03-2012 12:39pm

barneystinson

Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭

Join Date: April 2010

Posts: 4605

No problem there. The provisions in that area exist to avoid a situation where staff are made redundant and rehired into effectively the same position, but usually on less favourable terms. In which case the redundancy is a sham and the money paid is really more like an inducement or compensation for the change in terms.

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