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Retention Bonus

  • 20-05-2021 11:28am
    #1
    6541
    Registered Users, Registered Users 2 Posts: 1,970 ✭✭✭


    Hi All,

    I would be grateful if someone could help me. I received a Retention bonus payed into my wages today. I notice half of this bonus is already deducted at source and given to the Tax Man.
    Can I do anything about this - Can I do any funky accountancy to get some of this back and if so how ?

    Thanks All,
    6541.


Comments

  • #2
    Bubbaclaus
    Registered Users, Registered Users 2 Posts: 4,461 ✭✭✭Bubbaclaus


    Its taxable income no different than salary, so in a word: No.


  • #3
    manlad
    Registered Users, Registered Users 2 Posts: 475 ✭✭manlad


    6541 wrote: »
    Hi All,

    I would be grateful if someone could help me. I received a Retention bonus payed into my wages today. I notice half of this bonus is already deducted at source and given to the Tax Man.
    Can I do anything about this - Can I do any funky accountancy to get some of this back and if so how ?

    Thanks All,
    6541.

    Move to a country that doesn't tax additional income at 51%, joke shop we live in.


  • #4
    6541
    Registered Users, Registered Users 2 Posts: 1,970 ✭✭✭6541


    Thanks all - Somebody mentioned something regarding tax credit and my pension - Is there anything in that ?


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