Lifetime limits, not per pension
The bands below apply across every pension you hold, and they count what you have already taken in earlier retirements.
Some occupational schemes calculate the lump sum on salary and service rather than a straight quarter, and occasionally that produces a better result. You also do not have to take the full quarter — every euro taken out is a euro no longer growing.
What comes out, and what is taxed
Put in your fund and anything you have already taken as a retirement lump sum in the past.
{{ msg }}
Illustrative only and not personal advice. Figures are checked against Revenue and revised after each Budget. The tax-free amount of €200,000 and the 20% band of €300,000 are lifetime limits covering all retirement lump sums. The marginal rate is shown at 40%. Your own scheme rules may calculate the lump sum differently.
Worth thinking about
The lump sum is the best day of the process, and also the one decision people make fastest.
Pick a date and time that suits you.
No sales pitch, just a conversation about what you already have, what it is heading for and whether we can improve it. You will get a written summary either way.
