Redundancy and Termination Payments
This half day course deals with the legislation covering Redundancy and Termination Payments. It outlines the main provisions of the Redundancy Payment Acts and explains how these principles are applied. It also covers the tax treatment of termination payments. The course is delivered in a down to earth practical manner and it highlights the most common problems which employers have to contend with and offers practical solutions. It also highlights where PRSI overpayments can arise in respect of termination payments and an employer’s obligation to report termination payments to Revenue. The course includes a question and answer session and a comprehensive course manual is provided. This half day course will answer many of your unanswered questions.
This course will be delivered by an IPASS payroll consultant who has unrivalled knowledge and experience in the operation of the PAYE system.
Attendance at this seminar may qualify for 3 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society; Accounting Technicians Ireland and other professional bodies.
Courses run online from 2.00pm – 5.00pm
| IPASS Member | €150 |
| Non Member: | €185 |
What is Covered on the Day?
Redundancy Payments Acts
- Who is covered by this Act and who is not?
- When does a redundancy situation arise?
- What are employers obliged to do and what are their employee’s entitlements?
- How are statutory redundancy payments calculated?
- What is reckonable service and what is excluded in calculating reckonable service?
- How does “Short-time” and “Lay-off” affect redundancy?
- What is a Collective Redundancy?
Termination Payments
- What are the tax implications of making a termination payment?
- What are the Revenue reporting requirements?
- What exemptions apply?
- How to calculate how much of a termination payment is exempt from income tax.
- How to avoid overpaying PRSI on termination payments.
Who should attend this course?
This course is ideal for Payroll personnel, HR personnel, those working in accounts and finance, and anyone with responsibility for calculating or approving redundancy and termination payments.
Benefits of attending
> An opportunity to put your questions to a specialist payroll consultant
> Small groups to allow time for individual attention and queries
> A detailed handout is supplied to each delegate – an invaluable reference document
> 30 day free telephone helpline service following date of course
