Top Slicing Relief

    Top Slicing Relief

    Top Slicing Relief, which was an additional relief granted in respect of the tax payable on a lump sum payment, has been abolished in respect of all ex-gratia payments (both redundancy and retirement), made on or after 1 January 2014.

    For the period 1 January 2013 to 31 December 2013, individuals who received an ex-gratia payment, excluding statutory redundancy, where the amount was €200,000 or more are not entitled to claim Top Slicing Relief.

    If you would like help with your Payroll calculations, PaycheckPlus offers a range of payroll outsource services in Ireland and the UK ensuring your payroll is processed correctly and cost efficiently.  For more information speak to our team today on 041 686 3000 or Request a callback for a time that suits you.  PaycheckPlus - Making Payroll Easy!

    Topics: Blog