NAMA Wind-down Costs Reach €8 Million as Remaining Assets Transfer to NTMA
Wednesday 9 September 2026
Freedom of Information records reveal that the final wind-down of the National Asset Management Agency resulted in €7.96 million in staff termination payments.
The final wind-down of the National Asset Management Agency (NAMA) resulted in termination payments totalling €7.96 million for 54 employees.
Figures obtained under the Freedom of Information Act show the average termination cost stood at approximately €147,000 per employee as the state asset management agency concluded its operations.
The largest expenditure was €4.066 million in ex-gratia redundancy payments distributed among 47 departing staff members. These 47 employees also received a combined €1.53 million in salary payments while on garden leave.
Additionally, retention payments totalling €1.134 million were payable to 49 employees during the closure process. A detailed breakdown of the wind-down figures reveals further costs, including €681,000 for statutory redundancy, €172,000 for employer PRSI, and €249,000 for employer pension contributions. Just under €270,000 was paid out for untaken annual leave.
Following the closure, seven staff members were transferred to the Resolution Unit of the National Treasury Management Agency (NTMA). This unit is tasked with overseeing the management and disposal of NAMA's remaining assets.