Termination Payments - Eolas Money

Category: Termination Payments

Helping you on Life's Financial Journey

Selling Your Business Starts Long Before You Find a Buyer

For many entrepreneurs, the sale of your business is the most significant financial transaction of your lifetime. After years of building a successful company, ensuring you achieve the best possible outcome requires careful preparation—not just when you’re ready to sell, but several years beforehand. At Eolas Money, we encourage business owners to develop an exit…
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Taxing of Lump Sum Termination Payments

With recent news of redundancies in tech sector, below is an overview of the tax treatment applying to lump sum payments received on cessation of employment as certain payments may attract tax exemptions. Statutory Redundancy Payments: Where you receive a statutory redundancy payment the amount received is ignored for taxation purposes as statutory redundancy is completely…
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