I think that's why some other threads posited scenarios like this...Open to correction, but it's my understanding Malta won't charge tax on payments out of their equivalent of an ARF if you're resident in a country outside Malta with which Malta has a DTA. There are many such countries and some of them have very attractive tax rates.
- Individual resident/domiciled in Ireland
- Moves their pension to Malta
- Retires to live in Portugal
- Reaps the benefits of more advantageous tax treatment of pension lump sum and/or ongoing drawdowns than would've been the case if they had remained living in Ireland in retirement