Taxable Lump Sum
After you take your tax-free lump sum, you may be entitled to take the rest of your fund as a once-off cash lump sum if:
- You have a guaranteed pension income for life of at least €18,000 per annumOr
- You have invested €119,800 in an AMRF/ARF or Annuity or combination of both
This lump sum will be subject to income tax at your marginal rate and Universal Social Charge (USC) under the PAYE system.