Calculate MyWelfare statutory redundancy (2 weeks/yr + 1 bonus week, €600 cap) and Revenue ex-gratia severance tax exemptions (Basic, Increased, and SCSB).
Statutory redundancy & severance thresholds
\text{Statutory Redundancy} = \Big((\text{Years} \times 2) + 1\Big) \times \min(\text{Weekly Wage}, €600) \quad [100\% \text{ Tax-Free}] \\
\text{Basic Exemption} = €10,160 + (€765 \times \text{Years}) \\
\text{Increased Exemption} = \text{Basic} + €10,000 \\
\text{SCSB} = \left( \frac{\text{Avg 3-Yr Salary} \times \text{Years}}{15} \right) - \text{Pension Lump Sum}Under the Irish Redundancy Payments Acts, employees with at least 104 continuous weeks of service qualify for statutory redundancy: 2 weeks' pay per year of service plus 1 bonus week, capped at €600 per week. Statutory redundancy is 100% tax-free. For employer ex-gratia termination lump sums, Revenue offers three alternative tax exemptions (Basic, Increased, or the SCSB formula); the employee receives the highest of the three tax-free.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Central Bank of Ireland mortgage caps, Revenue PAYE/USC/PRSI rules, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or Irish Revenue documentation prior to executing financial commitments.
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