Hi, I'd be very grateful if someone could offer advice on the follwing.
I was made redundant from a previous employer in 2014. I took a sum of approximately €45000 and waived my right to a future tax free lump sum. I have a pension from that employer of €70000. As I am now in my fifties, how much of that pension can I cash in? Does the waiver last for the lifetime of the pension? At what rate will I pay tax on it.
Thank in advance
I was made redundant from a previous employer in 2014. I took a sum of approximately €45000 and waived my right to a future tax free lump sum. I have a pension from that employer of €70000. As I am now in my fifties, how much of that pension can I cash in? Does the waiver last for the lifetime of the pension? At what rate will I pay tax on it.
Thank in advance
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