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Termination Payment

Coldplayer · 2015-07-03 19:51:24

Hi all Can someone tell me if the a contribution towards a an occupational pension scheme as part of redundancy is taxable as a termination payment under s123? Thanks

03-07-2015 7:51pm

#1

Coldplayer

Registered Users, Registered Users 2 Posts: 120 ✭✭

Join Date: December 2009

Posts: 105

Hi all

Can someone tell me if the a contribution towards a an occupational pension scheme as part of redundancy is taxable as a termination payment under s123?

Thanks

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Comments

#2 08-07-2015 11:45am

gerrybbadd

Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭

Join Date: January 2008

Posts: 9587

Is the employer making the contribution to the scheme?

If you are applying for an increased exemption or are eligible to the SCSB, it might have an effect on the amount of relief due. It's likely that the contribution would only be taxable when you are actually getting paid the pension

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