CIRT Severance Benefits and Tax Regulations

With the continuing changes to the taxation requirements, a new page has been created on the CIRT website. This page has been called general taxation information has in available from the employee dropdown of the CIRT website.

The intention of this new webpage is to provide employee members with as much information as possible in relation to their CIRT severance benefits while presenting this information in a way which is easy to understand.

We will endeavour to keep this page up to date as any regulatory changes, which will have an effect on CIRT Payments, are enacted.

When considering this information, remember it relates to tax withheld from severance payments paid by CIRT only. Your individual tax position may be different and you will need to talk to qualified tax professional for individual tax advice and how your tax return should be completed.