11 окт. 2023 г. · The amount between €200,001 and €500,000 is taxable at the standard rate of tax (20%). Any amount in excess of €500,000 is taxed under Pay As ...

AVCs and PRSA AVCs qualify for tax relief at your marginal rate of tax. In short, this means that if you pay the top rate of tax (currently 40%), that for every ...

Increase the tax-free lump sum on retirement, or put the AVC pension fund towards their tax-free lump sum and avoid reducing other annual pension benefits.

2 июл. 2024 г. · Tax relief on lump sums at retirement ; Amount of lump sum, Income tax rate ; Up to €200,000, 0% ; €200,000–€500,000, 20% ; Over €500,000, Marginal ...

Once you retire you can use your AVC in a few different ways: Withdraw some or all of it as a cash lump sum (usually free of tax)*

The closing date for claiming tax relief is 31 October. This once-off payment is also known as an AVC or Additional Voluntary Contribution. Example. Let's ...

Tax Free Lump Sum – A portion of your fund may be taken as a tax free lump sum at retirement, subject to Revenue rules. Flexibility – Save what you can ...

Lump sum up to €200,000 receives an income tax rate of 0%. · Lump sum between €200,001– €500,000 receives an income tax rate of 20%. · Lump sum of over €500,000 ...

30 июн. 2023 г. · The “excess lump sum” of €130,000 is therefore subject to tax under Case IV of Schedule D at the standard rate of income tax in force in 2023 ...