35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
There has been speculation that the Government will make some changes in relation to the tax free lump sum that is available from pension plans at retirement. The Government signalled their intent to make some changes in relation to pension planning at the last budget. Many commentators believe that the tax free lump sum available…
Were you unemployed, working part-time and/or received a redundancy payment during 2008? Don’t delay, prepare and file your 2008 tax return now, as you may be due a refund of income tax. If you were not working for the full year i.e. from January to December 2008, you may be due a refund of income…
1. Income Levy General Provisions 1.1 What is the income levy? The income levy, which came into effect on 1 January 2009, is a levy payable on gross income, including notional pay, before any relief for any capital allowances, losses or pension contributions. 1.2 Who is liable for the income levy? All individuals are liable…
We welcome any tax related questions to this web blog. A friend asked me an interesting question in relation to sick pay for PAYE and the possibility of a tax refund. Here is that point – Q. I was off sick for 3 weeks in 2009, and my employers paid me full pay. Cheques I…
Eligibility criteria for Statutory redundancy payments In order to be eligible for a statutory redundancy payment, an employee must: Be aged over 16 years of age Be in employment and paying PRSI contributions, which are insurable for all social welfare benefits. Currently this is only a PRSI Class A contribution Have worked continuously for the…
1. Do people leave decisions on inheritance and succession too late in Ireland? Many inappropriate decisions are made only when people are on their death-bed which is not the right time to be consulting a Solicitor e.g. in terms of property succession. It is desirable to make Wills when in good health and capable of…
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