Revenue has updated various pension manuals providing clarifications and guidance relating to the transfer of pension benefits, deemed distributions from pension funds and the taxation of retirement lump sums.
The guidance on the transfer of payments has been updated to clarify the treatment of benefits transfer from an occupational pension scheme to a Personal Retirement Savings Account (PRSA), to another occupational pension scheme or to an approved buy-out bond (BOB).
The guidance on funding and investments has been revised to update the reference to the Revenue pensions branch and to provide details on deemed distributions from pension funds.
The guidance on the
taxation of retirement lump sums has been reorganised to provide relevant information including
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