If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

AVC,s

junospider · 2013-03-18 21:05:35

Does anyone know what the story is about cashing in one third of your AVC,s, how do you go about this and what are the tax implications?thanks in advance.

18-03-2013 9:05pm

#1

junospider

Registered Users, Registered Users 2 Posts: 167 ✭✭

Join Date: September 2010

Posts: 149

Does anyone know what the story is about cashing in one third of your AVC,s,
how do you go about this and what are the tax implications?thanks in advance.

0

Comments

#2 18-03-2013 11:34pm

coylemj

Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭

Join Date: October 2006

Posts: 25133

You have to wait for the current Finance Bill to get passed and then it will be possible. You will need a statement or certificate from the Revenue if you want tax deducted at the low rate, otherwise the insurance company will be obliged to deduct tax at the high rate.

Minor technical note: It will be 30% max., not one-third.

Follow the progress of the bill here.....

http://www.oireachtas.ie/viewdoc.asp?DocID=22833&&CatID=59

0