Resolution No. 9 sets out the basis for the imposition of a lifetime limit on exempt ex gratia lump sum payments made primarily in respect of termination of employment as recommended by the Commission on Taxation. With effect from 1 January 2011, where an individual is in receipt of an ex gratia payment from their employer the aggregate amount which can be paid tax free will be €200,000, taking into consideration the tax free elements of any previous payment that individual had received. This restriction will have no relevance to the majority of employees. Its impact will primarily be confined to those in receipt of large ex gratia payments. I commend the resolutions to the House.

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