Query on Increased Exemption

[kkelly77]

I will be receiving a redundancy payment soon and have a question about the Increased Exemption.

If the tax free lump sum I receive from my occupational pension is less than €10,000, should I keep the pension and take the full amount of increased exemption? I meet the criteria for the increased exemption to apply to my situation. Thanks.

K

 

[Setanta12]

Best demonstarted by example;

If your PV Pension value was e1,000; then you're allowed a further e9,000 of the Increased exemption and still fully maintain your Pension.

 

[kkelly77]

Best demonstarted by example;

If your PV Pension value was e1,000; then you're allowed a further e9,000 of the Increased exemption and still fully maintain your Pension.

And if my pension was worth, for example, €12,000, would it be more prudent to take the pension?

K