I have read through the Revenue FAQ on Income Levy, and note that it should be applied to all sources of income (unless specified as exempt). The insurance company deducted Paye and Prsi from the taxable portion of a small pension fund maturing, but did not deduct Income Levy at all.
I assume Income Levy should be paid on the taxable portion, but what about the tax-free lump sum?
I assume Income Levy should be paid on the taxable portion, but what about the tax-free lump sum?