Taxation of Retirement Lump Sums
26 April 2011 Taxation of Retirement Lump Sums – New form where income tax is deducted under Case IV at the standard rate. Section 19 (4)(b) Finance Act 2011 inserted a new section 790AA into the Taxes Consolidation Act 1997 (TCA 1997) which provides, with effect from 1 January 2011, that the maximum lifetime retirement …