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If your pension fund is near the Standard Fund Threshold, there is a mechanism in Irish tax law that can make the taxable band of your lump sum effectively free. It only works in one direction, and outside that range it costs you €60,000. Almost everyone with an Irish pension knows about the 25% lump sum. Far fewer know that it is not 25% tax free, that the limits apply across every arrangement they have ever held, or that the tax paid on part of it can be credited back. For