Folks,
Having looked at the limits on Revenue re Lump Sum on Retirement, there is a figure of €200,000 mentioned as the limit before tax applies.
So, if a public servant will have 40 years service accumulated at retirement age and a lump sum of €140,000 coming to them, could they in effect contribute to an AVC fund to generate another lump sum of €60,000 tax free?
Any observations would be appreciated greatly.
Having looked at the limits on Revenue re Lump Sum on Retirement, there is a figure of €200,000 mentioned as the limit before tax applies.
So, if a public servant will have 40 years service accumulated at retirement age and a lump sum of €140,000 coming to them, could they in effect contribute to an AVC fund to generate another lump sum of €60,000 tax free?
Any observations would be appreciated greatly.