Reckonable earnings and redundancy payment.

Howjoe1

I understand a portion of a redundancy is included as reckonable earnings based on length of service.

So, if a parent receives a redundancy payment of €5,500 from an employment that terminated after 5 years and six months service, how much is included as reckonable income?

Annasopra

Howjoe1 wrote: »

I understand a portion of a redundancy is included as reckonable earnings based on length of service.

So, if a parent receives a redundancy payment of €5,500 from an employment that terminated after 5 years and six months service, how much is included as reckonable income?

It's not clear
http://www.susi.ie/Susi/media/susi/SI-159-of-2013-Student-Grant-Scheme-2013_Final.pdf?ext=.pdf

(2) If any of the persons whose income is under consideration retired or was
made redundant from employment or self-employment in the reference period
and received a lump sum, a proportion of the lump sum is taken into account
for calculating reckonable income.

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