Key Post Milestones to hit the Lifetime Pension Fund limit at age 60?

The standard fund threshold only applies when funds are crystallised. So a 50 year old with €1m could change employers and take their 25% and out the balance into an ARF. This would use €1m of their SFT, any growth in the ARF is then irrelevant to their SFT and they have €1m of the threshold left to use with their new employees pension.
 
And they can use the tax free lump sum to pay down debt.
 
It’s a very valid tax planning strategy which we are using a lot with Professionals and business owners.

You pay an effective rate of tax of 71% on gains over the SFT but in post retirement your gains are only taxed to the extent that you pay income tax on imputed distributions.

So the goal is to get to €2m at age 50 and retire your pension which is tested against the SFT. No excess tax

You are not required to take any income from an ARF or vested PRSA until age 61 so the uplift between 50 and 61 is free from the excess tax charge.
 
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