Tax on Lump sum payments You may receive a lump sum payment from your employer if you retire or have left work. You will only be liable to pay tax on the amount of your payment that is more than either: basic exemption increased exemption (if due) Standard Capital Superannuation Benefit (SCSB). Basic exemption The basic exemption is…
Physiotherapy or Similar Treatment – tax relief under medical expenses ? Examples of allowable treatments under the heading of physiotherapy include treatment by a: 1) Physiotherapist, 2) Chiropractor, 3) Osteopath, or 4) Bonesetter. In order for relief to be available, the treatment must be availed of on prescription by a practitioner. Relief is not allowable…
If you are self employed or a director, what social welfare benefits are you entitled to ? If you are self employed, you would be paying the S stamp which is 4% of earnings or €500 minimum per year PRSI at Class S provides cover for: Widows, Widowers and Surviving Civil Partners Contributory pension Guardians payment (Contributory) State pension (Contributory)…
