Termination of Employment

O’Hanlon Tax advises on the tax treatment of termination payments, including statutory redundancy, ex gratia payments, and compensation for loss of office. We help clients determine whether reliefs such as the basic exemption, increased exemption, and the Standard Capital Superannuation Benefit (SCSB) apply, and assess the impact of prior employment history and pension arrangements. We also advise on the treatment of legal fees in line with Revenue guidance. 

For employers managing multiple terminations, we offer a tailored package that includes formal written advice for each employee, specific to their individual circumstances. This package can also include short phone consultations with each employee to address queries and provide clarity. In addition, we are available to advise individual employees directly where required. We provide formal written advice and recommend that it is reviewed before any termination agreement is signed to ensure the arrangement is compliant and tax efficient.