Some people have the mistaken belief that when they are receiving a training allowance, it’s the same as a Scholarship. That this is automatically tax free.
This is not the case though if it is above what they can earn tax free in a year (currently circa €8,000)
A scholarship is tax free, but you need to tell the tax man about it before you start out!
Make no mistake. If your employer is paying you a training allowance to attend College or University, and they expect you to take up full time employment with them afterwards. Then this is not a scholarship.
Take a look at the Scholarship-Declaration-Form Read the fine print on page 2.
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