Self Employed not Earning??

What social welfare payments are available if your business has slowed down?

If you are self-employed but do not have enough business to provide sufficient income, you can access social welfare jobseeker's payments. It is not necessary to close down your business to access these payments.

If you find yourself unemployed or you are getting less work you may qualify for a social welfare payment. You do not need to de-register as self-employed to get a social welfare payment.

Contact your local welfare office for further details.

Calculating Redundancy?

A redundancy lump sum is calculated according a certain formula based on years of service in an employment. The citizensinformation.ie has provided a simple worksheet to help you work it out for yourself. Visit the page Here!

loseyourjob.ie

This microsite provides public service information for those who are currently unemployed or are becoming unemployed in Ireland. Covering, Reduced Hours or Pay, Help with your Rent or Mortgage, Leaving Work, Options for Education and Training, Getting Social Welfare, Going Back to Work, Money and Tax Issues, Leaving Ireland. Visit the site @ http://www.loseyourjob.ie/

Redundancy, Did you know?

To be eligible for a redundancy payment under the Acts, you must satisfy the following requirements:

-You must be aged 16 or over. (Since 8 May 2007 there is no upper age limit of 66.)

-You must be in employment that is insurable under the Social Welfare Acts. Full-time employees must be paying Class A PRSI. (This insurability requirement does not apply to part-time workers)

-You must have worked continuously for your employer for at least 104 weeks over the age of 16.

Online Redundancy Claims

Did you know the Online Redundancy Claim form allows:

-Employers to submit rebate claims for employees that have been paid redundancy.
-Liquidators/receivers/examiners to submit rebate claims for redundancies paid to employees, and lump sum claims on behalf of employees that have not been paid (full) redundancy.
-Employees to submit claims for lump sum that have not been paid by the employer.

All correctly completed Online Redundancy claims will also be given priority.
Click Here for further details.

If you have any comments or queries please use the comments or email link below or visit our website @ www.cops.ie

Redundancy Tax-free Entitlements

Did you know on a redundancy or retirement payment, you are entitled to the higher of the following which is then exempt from tax:

Basic Exemption
The basic exemption due is €10,160, plus €765 for each complete year of service. (This does not include statutory redundancy which is tax free.)

Basic Exemption plus Increased Exemption
An additional €10,000 called the Increased Exemption is also available in the following certain circumstances:

If you haven't received a tax-free lump sum in the last 10 years
If you have never received a tax-free lump sum and you are not getting a lump sum pension payment
If you are in an occupational pension scheme, the Increased Exemption is reduced by any tax-free lump sum from the pension scheme you may be entitled to receive.

If you have any comments or queries please use the comments or email link below.

NERA & Redundancy

NERA & Redundancy Claims

In addition to providing general information with regard to redundancy legislation and entitlements, NERA can also provide callers with the following limited information relating to redundancy claims:

-Whether a claim has been received and is entered on the Redundancy Payments System
-The date of entry on the system
-The latest processing times

NERA is unable to provide detailed information relating to the status or payment times for individual claims or any queries on such claims. Callers should also note that due to Data Protection requirements, information may only be given out to the claimant or their authorised nominee.

NERA Information Services hours of operation are 9:30am to 5pm, Mon -Fri.
Please contact 1890 80 80 90 or 05991 78990

Redundancy & Work Permits

If you are working on a work permit and lose your job through redundancy you should notify the Department of Enterprise, Trade and Employment and return your work permit. From 28 August 2009 there are new provisions for newly redundant people who were working on a work permit.

If you have been made redundant after working on a work permit for 5 consecutive years you no longer need a permit to work in Ireland. You should apply to your local immigration officer who will issue you with a stamp 4 immigration permission for one year. This permission may be renewed annually and it allows you to take up any employment but not self-employment. (Within the Dublin District immigration officers are based in the Garda National Immigration Bureau (GNIB), and outside Dublin in the local Garda District Headquarters.)

If you have held a work permit for less than 5 years, The Department of Enterprise, Trade and Employment will allow you a period of 6 months to find another job. When you find another job you have to apply for a new work permit. A labour market needs test is not required. If you were made redundant from a job on the list of ineligible categories you may apply for a new work permit for a job on that ineligible list.

You should contact your local immigration officer to confirm your immigration status. If you have more than 6 months before your immigration permission expires, you can reside in Ireland under your stamp 1 permission for a further 6 months. If you have less than 6 months' immigration permission you can have your immigration permission extended to 6 months which means you will have to pay €150 for a new GNIB card. If you have not found a new job after 6 months you will be expected to leave Ireland. If you then get an offer of employment in Ireland you may apply for a new work permit.