In the calculation of the maximum Tax Free Lump Sum value allowed by Revenue there is an 'up lifted' scale table used; does the revenue calculation consider partial years & if so, how is the value for partial year arrived at?
Background; SNA in pre-2013 pension scheme; joined in 2010; will have 15.6 years' service at time of retirement in Sept 2026. Looking to start & contribute to an AVC to maximise the TFLS achieved as the pension scheme LS value will be lower than the max value allowed by revenue.
Background; SNA in pre-2013 pension scheme; joined in 2010; will have 15.6 years' service at time of retirement in Sept 2026. Looking to start & contribute to an AVC to maximise the TFLS achieved as the pension scheme LS value will be lower than the max value allowed by revenue.