If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Voluntary Redundancy Pallas Foods

karloseqm · 2015-02-01 20:57:44

Hi All As many people know they offer for first 65 workers voluntary redundancy 5 weeks for each year of service and 4 weeks for compulsory if I wont decide to take first package. My question is: I'm working in Pallas Foods 7 years and 8 months and if i take "voluntary" will i pay any tax? and how much would I if i'm on…

01-02-2015 08:57PM

#1

karloseqm

Registered Users, Registered Users 2 Posts: 56 ✭✭

Join Date: September 2014

Posts: 31

Hi All

As many people know they offer for first 65 workers voluntary redundancy 5 weeks for each year of service and 4 weeks for compulsory if I wont decide to take first package.

My question is: I'm working in Pallas Foods 7 years and 8 months and if i take "voluntary" will i pay any tax? and how much would I if i'm on 491 euro for 40 hours per week and will I be able to claim social walfare or I will need to wait 9 weeks because I took voluntary.

0

Comments

#2 01-02-2015 09:02PM

_Jumper_

Closed Accounts Posts: 150 ✭✭

Join Date: January 2015

Posts: 147

Work & Jobs

0
#3 01-02-2015 09:02PM

GLaDOS

Moderators, Regional East Moderators Posts: 23,241 Mod ✭✭✭✭

Join Date: November 2005

Posts: 22592

Mod: Moved to Work and Jobs forum

Please take the time to read the relevant charter

Cake, and grief counseling, will be available at the conclusion of the test

0
#4 01-02-2015 09:06PM

D Trent

Closed Accounts Posts: 2,341 ✭✭✭

Join Date: April 2013

Posts: 2234

Yes you will have to pay some of it as it comes under taxable pay. Doesnt the voluntary redundancy only apply to drivers?

0
#5 01-02-2015 09:28PM

The Masculinist

Closed Accounts Posts: 331 ✭✭

Join Date: December 2014

Posts: 320

http://www.citizensinformation.ie/en/employment/retirement/income_tax_in_retirement/retirement_lump_sum_taxation.html

Basic Exemption
The Basic Exemption due is €10,160, plus €765 for each complete year of service. (This does not include statutory redundancy which is tax free.)

Most likely your redundancy will be tax free, best of luck with everything.

Edit: Just ran some calculations, presuming 5 weeks you are being offered includes the statutory 2 weeks pay, then my calculations say your payment will not be subject to tax. The State benefits forum may be able to advise you on social welfare query.

0
#6 01-02-2015 11:23PM

karloseqm

Registered Users, Registered Users 2 Posts: 56 ✭✭

Join Date: September 2014

Posts: 31

D Trent wrote: »

Yes you will have to pay some of it as it comes under taxable pay. Doesnt the voluntary redundancy only apply to drivers?

No it apply to all warehouse staff

0
Advertisement