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Pécule de sortie

Question

Hello,

Does anyone here know if your pécule de sortie is subject to taxation? Has anyone here ever received one? I'm completely unfamiliar with the concept.

Thanks.

anon

Yes, it's income just like any other income you would receive during the year. Note, it will be subject to the usual ONSS (social security) deduction and then taxed at whatever your highest marginal rate is, so typically you'll end up with about half of it net.

Sep 2, 2015 11:55
Susan

Thank you!

Sep 2, 2015 14:48