Revenue has amended its Tax and Duty Manual regarding payments on termination of an office or employment or removal from an office or employment.
The updated manual contains a reference to Appendix V of the Pensions Manual, which contains detailed guidance on how to calculate the Relevant Capital Sum.
Pensions Manual - Appendix V has also been amended to include an effective date for this guidance and a reference to the use of this guidance for the purposes of the calculation of the increase in basic exemption has been added.