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Tax Refund on Redundancy Payments

03
Feb, 2010

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.

For example,

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 info@taxation.ie to see how you can reclaim your overpaid tax.

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