Tax Refund on Redundancy Payments
Were you made redundant at any stage over the past 4 years. Almost 90% of employees made redundant are not aware they may have overpaid tax on their redundancy package.
Mary was made redundant in September 2009, and received a gross lump sum of €50,000.
After deduction of tax, Mary actually received €38,516 in her wage packet. However after contacting Taxation.ie, Mary got an additional tax rebate of €4,855.
John, on the other hand was also made redundant in September 2009, and he received a gross lump sum of €30,000.
After deduction of tax, John received €21,861. However after contacting taxation.ie, John received an additional tax rebate of €2,41
Were you taxed on any portion of your redundancypackage?
If so, contact email@example.com to see how you can reclaim your overpaid tax.