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Statutory Redundancy Payments

Statutory Redundancy Payments

In the event of Redundancy there are statutory minimum redundancy payments that the employer must pay to the employee. These minimum amounts are governed by the length of service and the gross weekly Pay of the employee as follows:

• Two weeks Pay per year of employment (Length of Service)
• One further week’s Pay
• Subject to a maximum Pay of €600 per week
  • Any period over 52 consecutive weeks where you were off work due to an injury at work
  • Any period over 26 consecutive weeks where you were off work due to illness
  • Any period on strike
  • Any period of lay off from work
  • Introduction to Redundancy and Tax
  • Statutory Redundancy
  • Other Tax-exempt Redundancy payments (basic exemption, increased exemption, SCSB)
  • Top-slicing Relief

Check your Taxes and Claim Refunds

If you have been made Redundant and paid taxes, then you must get your taxes checked or you could miss out on Refunds.

Get in touch with Red Oak Tax Refunds now for a Tax assessment, including your redundancy.

For more information

• For Statutory Redundancy and more try the Red Oak Redundancy Calculator
• For Statutory Redundancy only, use RedCalc
• Read our blog posts on redundancy