Is the lump sum from a pension scheme taxable?

[Slash]

If a private DB or DC pension scheme pays a lump sum on retirement, is that taxable under the Taxation of Lump Sums on cessation of employment rules, or does it depend on the pension scheme rules?

Thank you.

 

[Conan]

The max lump sum is 25% of the fund (DC) or 150% of Salary (DB, assuming a minimum of 20 years service).
The first €200,000 is tax-free. Next @300,000 is taxable at 20%.

 

[Slash]

Thanks very much.

 

[Ravima]

There may be a difference if you have been ever received a redundancy payment. I'm not sure of the exact complication, but there is one.