Redundancy Payments Scheme - Employer Repayment Options

Under the Redundancy Payments Act 1967, when a redundancy payment is made from the Social Insurance Fund to an employee on an employer’s behalf, a debt is raised against that employer. The Department of Social Protection is legally obliged to recover this debt from the employer.

The following payment options are available to an employer to repay this Redundancy Payments Scheme debt:

1. Bank Transfer

- Standing Order

- Payment Departments REIF Receipts Bank Account

2. Cheque or Postal Money Order

The preferred method of payment is by Standing Order/Direct Payment to the department’s REIF Receipts Bank Account.

You can set up a standing order or direct bank transfer in your local bank or through your online banking.

• Bank: Danske Bank
• Account Name: REIF Receipts
• Sort Code: 95-15-99
• Account Number: 00003948
• BIC: DABAIE2D
• IBAN Number: IE86DABA95159900003948
• Payment/Transaction Reference: Your PAYE Number - this is essential and should be included on all of your repayments, do not include any other text.

Please make payable to:

Minister for DSP - REIF Receipts and post to:

Redundancy and Insolvency Debt Management Section,

Department of Social Protection,

Ground Floor, Gandon House,

Amiens Street

Dublin 1.

D01 A361

Include a cover note with your cheque or postal money order stating your PAYE Number and your name and address.