/Redundancy

Compensation for loss of employment – taxation of lump sum

Information There are various circumstances in which people in Ireland receive compensation for loss of employment. The most common is where you are made redundant and you get a settlement, which may include the statutory redundancy lump sum, and a further sum negotiated by you or your trade union [...]

How will my redundancy payment be taxed?

Q I have been working with my employer for 22 years, approximately eight years of which I spent in the New York office. My division is now closing down and I am being made redundant. My employer has advised me that I will get the minimum statutory redundancy payment [...]