Apologies, I misunderstood the point you were making. I thought you were looking to carry forward the tax relief.Since I'm only starting with AVCs my idea was to put a lump sum in to the same pot I use for AVCs. I wouldn't try to carry forward tax relief on that lump sum to future years since I will be maxing out AVCs every year until I retire anyway.
Likely only on 75% of it if you factor in the tax free lump sum?To get your hands on that, you'll have to pay tax
We're assuming that this person is maxing their contributions each year and those contributions are using up the tax free lump sumLikely only on 75% of it if you factor in the tax free lump sum?
Life assurance companies have the exact same funds available for investment outside and inside a pension. To add to the previous example, (assuming the levy is paid for by an increased allocation from the provider) the exit tax payable on €60 growing to €72 is (72-60)*41% = 5, giving €67 in your hand. Depending on the term of the investment, you'd have to factor in deemed exit tax every 8 years, but it's not going to bring it down to the levels of a pension without tax reliefin Ireland we don't have access to the same diversified investments on the same low cost terms outside a pension fund as we do inside that aren't taxed prohibitively.