Does anyone know how money in An approved Revenue fund is treated for medical card renewal. Is the gross amount in the account or the annual draw down included in the review or are both included. Gross amount 50k annual draw down4%.
Is this a pension fund? Are you over 66? The question was not really answered here.
Income from pensions is assessable - there is no caveat that the value of the pension itself is taken into account, but they do ask for payslips from the pension somewhere else, so a paper trail is important.
It is a lump sum in lieu of pension and a minimum of 4% must be drawn down each year. I am over 70 . I see on the link you mention that draw down is taken into account but fund is not which is fair enough if this is correct