Permanent Health Benefit contributions (aka income protection payments) You might take part in a scheme to have your income continue if you are absent due to illness or injury. The schemes, also known as income continuance plans, can be: group schemes or individual policies, and will have a Revenue registered number approved or unapproved by…
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 and increased exemption (if due) or Standard Capital Superannuation Benefit (SCSB). Basic exemption The basic…
Home Carer Tax Credit To claim the Home Carer Tax Credit you must care for a dependent person. The home carer credit for 2019 is €1,500. You must also be married or in a civil partnership and be jointly assessed for Income Tax (IT). The dependent person you care for must be either: a child for whom you…
