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Is my Redundancy Lump Sum Taxable ?

  • 17-05-2012 6:40pm
    #1
    davymoore
    Registered Users, Registered Users 2 Posts: 563 ✭✭✭


    Hi Folks I'm hoping someone can help me here.

    I am leaving work after being out with a long term illness (Heart Problems) and my employer has agreed to pay me a redundancy package due to disability.

    I know that the statutory package is tax free, but I am being charged 41% on my lump sum. Am I not entitled to my lump sum tax free?

    Is this too vague a question?


Comments

  • #2
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,004 ✭✭✭Citizenpain


    need more info to advise properly really --- have a read of this though

    http://www.revenue.ie/en/tax/it/leaflets/it21.html


  • #3
    Shane732
    Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭Shane732


    Sorry but this isn't the place to go for free personal advice. It you want to discuss the taxability of termination payments generally then that's fine.

    If you want personal advice spend the couple of quid and get proper advice.

    I'm closing this thread.


This discussion has been closed.
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