Severance Payments and Taxes in Ireland #279

11/06/23 • 19 min

Informed Decisions Independent Financial Planning & Money Podcast

When it comes to leaving a PAYE job or winding-up your own company, there are various types of payments you might receive, or give yourself!

But what about the tax implications of these payments? In Ireland, the tax treatment of payments on cessation of employment can seem like pie in the sky for many people – I'm here to clear the air for you!

I hope it helps.

When it comes to leaving a PAYE job or winding-up your own company, there are various types of payments you might receive, or give yourself!

I hope it helps.

Previous Episode

ARF Incomes and PRSI Considerations #278

In this week's podcast, we talk about how taxation of ARF and your Tax works in Ireland.

We will put to bed the question of how much tax you pay when you reach retirement and draw State and Private pension incomes.

We'll talk about how tax of ARFs works when you make withdrawals and for inheritance and how PRSI works when it comes to an ARF.

Hope you find it helpful.

Next Episode

20 Investment Tips For Irish Investors To Navigate #280

I recently came across a wonderful infographic showing 20 mistakes that investors make, and which they should try to avoid. It reminded me that sometimes we in the investing world talk down to retail investors, many of whom are way smarter than those actually in the investment world!

It also reminded me of a parenting tip I got once. That was to always encourage a child to do something in a certain way, as opposed to telling them what not to do!

So, instead of saying 'Don't bloody drop that glass', encourage them by asking them 'show me how well and how carefully you can carry that glass over to the table'! The positive impact and chances of success are apparently far higher by doing the latter.

In an attempt to increase your chances of investment success, here are 20 things (yes, just 20!) that I encourage Irish investors to try and do with their long term investing.