Statutory Redundancy & Severance Exemption Calculator Ireland (MyWelfare & SCSB)
Calculate MyWelfare statutory redundancy (2 weeks/yr + 1 bonus week, €600 cap) and Revenue ex-gratia severance tax exemptions (Basic, Increased, and SCSB).
Calculate MyWelfare statutory redundancy (2 weeks/yr + 1 bonus week, €600 cap) and Revenue ex-gratia severance tax exemptions (Basic, Increased, and SCSB).
Calculate MyWelfare statutory redundancy (2 weeks/yr + 1 bonus week, €600 cap) and Revenue ex-gratia severance tax exemptions (Basic, Increased, and SCSB). Calculate exact, penny-accurate projections compliant with 2026 Revenue Commissioners • DSP • Central Bank of Ireland standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Statutory redundancy & severance thresholds
\text{Statutory Redundancy} = \Big((\text{Years} \times 2) + 1\Big) \times \min(\text{Weekly Wage}, €600) \quad [100\% \text{ Tax-Free}] \\
\text{Basic Exemption} = €10,160 + (€765 \times \text{Years}) \\
\text{Increased Exemption} = \text{Basic} + €10,000 \\
\text{SCSB} = \left( \frac{\text{Avg 3-Yr Salary} \times \text{Years}}{15} \right) - \text{Pension Lump Sum}Under the Irish Redundancy Payments Acts, employees with at least 104 continuous weeks of service qualify for statutory redundancy: 2 weeks' pay per year of service plus 1 bonus week, capped at €600 per week. Statutory redundancy is 100% tax-free. For employer ex-gratia termination lump sums, Revenue offers three alternative tax exemptions (Basic, Increased, or the SCSB formula); the employee receives the highest of the three tax-free.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Central Bank of Ireland mortgage caps, Revenue PAYE/USC/PRSI rules, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or Irish Revenue documentation prior to executing financial commitments.
You must have at least 104 continuous weeks (2 years) of service with your employer aged 16 or over. By law, statutory redundancy payments in Ireland are completely exempt from Income Tax, Universal Social Charge (USC), and PRSI.
Under the Redundancy Payments Act, gross weekly pay taken into account is legally capped at €600 per week (e.g. €31,200/year). Any earnings above €600 are disregarded for statutory calculation. Any excess voluntary payment offered by an employer is categorized as an 'ex-gratia' lump sum.
SCSB (Standard Capital Superannuation Benefit) is an alternative statutory relief calculated as: (Average annual earnings of last 36 months x Complete Years of Service / 15) minus retained pension lump sum. It provides a significantly higher tax exemption for long-serving and higher-earning professionals.
Calculate 2026 Irish net take-home pay: Standard Rate Cut-Off Point (€44k), 40% higher rate, USC 4 bands, PRSI Class A, and Personal & Employee tax credits.
Calculate your Irish Revenue Rent Tax Credit (€1,000 single / €2,000 joint) and Mortgage Interest Tax Credit (up to €1,250) tax refund entitlement.
Calculate Irish pension tax relief based on Revenue age limits (15% to 40%), €115,000 earnings cap, 40% higher rate refund, and net out-of-pocket costs.