Hi - can someone clarify the situation regarding the tax burden on VSP in Ireland.
I've heard conflicting information. Either that the ex-gratia payment is fully taxed or that is it taxed at a reduced rate. I want to know for future reference.
2 replies (most recent on top)
Lookup super anunuation. If you are with Intel Ireland for many years you won't be taxed a cent on any of the payment. Guy I know over 20 Years served took VSP first 176,000 was tax free..
If you use the calculator it will tell you how much tax is paid, also check out www.revenue.ie or www.citizensinformation.ie