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Thread: Golden handshakes to be taxed in the coming budget?

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    Default Golden handshakes to be taxed in the coming budget?

    Mary Harney in today's Irish Times spoke about the need for thousands of redundancies to stay within HSE budgets. It looks as if the HSE hasn't made those redundancies since the abolition of the health boards simply because they were unaffordable on a tax free basis.Could this mean all redundancies in the economy will be taxed from now on?

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    Default Golden Hand shakes

    Quote Originally Posted by patslatt View Post
    Mary Harney in today's Irish Times spoke about the need for thousands of redundancies to stay within HSE budgets. It looks as if the HSE hasn't made those redundancies since the abolition of the health boards simply because they were unaffordable on a tax free basis.Could this mean all redundancies in the economy will be taxed from now on?
    All golden hand shakes should be taxed.The public service get to much when they retire.Ireland cannot pay this kind of silly money any more.

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    Quote Originally Posted by Broke View Post
    All golden hand shakes should be taxed.The public service get to much when they retire.Ireland cannot pay this kind of silly money any more.
    How dare anyone claim their pension.

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    Non Statutory redundancy payments ARE taxed, although some tax relief is available, particularly if it is your first redundancy.

    Pension lump sum payments, on the other hand are tax free to PS..... at the moment. That might be why so many jumped ship in the early retirement scheme recently.

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    Quote Originally Posted by Broke View Post
    All golden hand shakes should be taxed.The public service get to much when they retire.Ireland cannot pay this kind of silly money any more.
    But it can afford to pay 100 billion to FF anglo and cash for trash SCAMA ?

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    Quote Originally Posted by asset test View Post
    Non Statutory redundancy payments ARE taxed, although some tax relief is available, particularly if it is your first redundancy.
    Most and possibly all Golden Handshakes received by PS have been completely tax free. Like the payments to Patrick Neary and Rody Molloy including the infamous car, all tax free. The only element of their packages that is taxable is their actual pension.

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    Politics.ie Member riker1969's Avatar
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    Default Patslatt is a windbag

    Patslatt to be shut down as a monotonous drone who thinks-get this- thinks Journalists steal his ideas. Ever look at his website?!! He is at best a gerbil on a wheel-apologies to Gerbils.

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    Default Your Capitalist Masters must be pleased Pat Et al.

    Quote Originally Posted by Luigi Vampa View Post
    But it can afford to pay 100 billion to FF anglo and cash for trash SCAMA ?

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    Default Your Capitalist Masters must be pleased Pat Et al.

    Quote Originally Posted by Luigi Vampa View Post
    But it can afford to pay 100 billion to FF anglo and cash for trash SCAMA ?
    Keep him busy Pat is that what Tony O tells you to do-keep churning out the pointless threads. Has he promised you a byline Pat? No problem for you Pat given you have been a member/supporter of FF-bet you dont parade that do you? Meanwhile as this poster has quite rightly pointed out-50 billion goes down the jacks!

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    Quote Originally Posted by Barnacle View Post
    Most and possibly all Golden Handshakes received by PS have been completely tax free. Like the payments to Patrick Neary and Rody Molloy including the infamous car, all tax free. The only element of their packages that is taxable is their actual pension.
    As far as I know, these payments were for retirement, which are, as you say tax free. All PS retirement lump sums in PS are tax free. Now I'm not happy about it but that's the way it works....for now. These guys were not made redundant (maybe they should have been ), so their retirement lump sums were not taxed.

    If the Government change the way PS retirement benefits are taxed, this won't happen anymore. But if things change, a lot of present PS coming up to retirement will not be one bit happy, I am sure of that.

    Just to add, anyone due to retire in PS up to 31 December 2011, whether it is their time to go, or they take early retirement, will have their lump sums and pensions based on the pre paycut salary. Nice...... Not a lot of people know that.

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