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redundancy / tax free allowance

Jedward121 · 2024-05-20 08:49:09

Hi all, just a question about tax free allowance on redundancy payment ( it's all very confusing on revenue) i am being made redundant in the coming months and i have worked with the same employer for 40 years with no career breaks just the normal summer holidays . will i be taxed on any payment above the statutory…

20-05-2024 8:49am

#1

Jedward121

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: May 20

Posts:

Hi all, just a question about tax free allowance on redundancy payment ( it's all very confusing on revenue) i am being made redundant in the coming months and i have worked with the same employer for 40 years with no career breaks just the normal summer holidays . will i be taxed on any payment above the statutory payment? or is there a tax free limit ceiling.

Post edited by Spear on July 23

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