Redundancy Payments Service Update

26 Apr, 2022

RPS Policy regarding offset of overdrawn Directors Loan Account balances   The basis for the RPS approach is contained in Rules 14.24 (Administration) and 14.25 (Liquidation) of the Insolvency Rules 2016.  This rule requires the RPS to set off payments due from the directors/employees to the company against sums that..

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