Is there any Government rebate in respect of redundancy payments?
Yes, the employer can a claim 60% rebate in respect of the statutory redundancy payment. However it is important that when employees are being made redundant that the appropriate statutory form being the RP50, is served on the employee. The Form RP50 replaces the old forms, being the RP1, RP2 and RP3. The RP1 was for the purpose of providing notice of redundancy to an employee, the RP2 was given to the employee when leaving employment and the original had to be signed acknowledging receipt of the statutory redundancy payment. The RP3 was used by an employee to claim the rebate from the Social Insurance Fund. All of these functions are now incorporated in the new Form RP50. To download the Form RP50, click on this link Redundancy Form RP50 Click here to download (212K) (Completion Note: The employer should give the employee a Redundancy Form RP50 on the date of payment, showing the basis on which the sum was calculated, and confirming receipt of lump sum. Copy containing an original sig
