Part years count proportionately. Certain absences in the final three years can reduce the count.
The single most common point of confusion in any offer letter. Check the wording.
USC is estimated on top. PRSI does not apply to termination lump sums.
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Figures current for 2026, reviewed July 2026. Minimum notice is a separate entitlement. A guide, not legal advice on your own position.
Have the offer looked at↗Statutory is the floor, not the ceiling.
The formula
Two weeks' pay per year of service plus one extra week, with weekly pay capped at €600 for the calculation. Two years' continuous service to qualify. The statutory payment is tax free.
The extra is where the tax lives
Anything above statutory is ex gratia. The Basic Exemption, the Increased Exemption and the SCSB formula can shelter much of it, depending on service, pay and pension. How a package is structured changes what you keep.
A genuine redundancy is about the role
The job goes, not the person. If the role reappears under a new title, or the offer comes with a waiver of claims attached, have the wording looked at before you sign anything.
Facing redundancy?
Do not sign anything until you have had it looked at. One call, and you will know if the offer is right. Workplace claims also run on a strict clock; check yours.