{"id":223740,"date":"2025-06-29T10:22:11","date_gmt":"2025-06-29T10:22:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/223740\/"},"modified":"2025-06-29T10:22:11","modified_gmt":"2025-06-29T10:22:11","slug":"pension-lump-sum-dilemma-understanding-irelands-tax-structure-is-crucial-when-deciding-whether-to-take-a-lump-sum","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/223740\/","title":{"rendered":"Pension lump-sum dilemma? Understanding Ireland\u2019s tax structure is crucial when deciding whether to take a lump sum"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Though some retirees can become wealthier by investing a tax-free lump sum\n<\/p>\n<p><img decoding=\"async\" alt=\"Weigh up the pros and cons before making a decision. Illustration: Getty\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/2cbaeb23-ebca-4ba7-ad5d-9ebe121853fa.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Weigh up the pros and cons before making a decision. Illustration: Getty<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">When approaching retirement, thousands of Irish workers a year face a critical decision that could significantly impact their financial security for the rest of their lives \u2013 follow the pensions industry\u2019s conventional wisdom and opt for a 25pc tax-free lump sum from their pension, or leave almost the entire amount invested.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">This dilemma deserves careful consideration, as some pension holders \u2013 especially those who don\u2019t need a lump sum and have substantial pension pots \u2013 might be better off leaving their pension intact if they want to enjoy greater long-term wealth, according to historical analysis we carried out.<\/p>\n","protected":false},"excerpt":{"rendered":"Though some retirees can become wealthier by investing a tax-free lump sum Weigh up the pros and cons&hellip;\n","protected":false},"author":2,"featured_media":223741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,617,2499,16,15],"class_list":{"0":"post-223740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-pensions","11":"tag-personal-finance","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114766161155050355","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/223740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=223740"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/223740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/223741"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=223740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=223740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=223740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}