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‘I’m 72, and have taken a £20k pension lump sum – can I withdraw more tax-free cash?’ - MSNDear Charlene, I am 72 years old and I have a private pension fund now worth £125,000. I retired in 2017 and took a tax-free lump sum at that time (around £20,000) and have not touched the fund ...
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‘I’m 68 with a £150k pot – how can I guard it against a possible Labour pension grab?’ - MSNDear Charlene, I have roughly £150,000 in my pension fund. I am 68 and will have to start to draw down on it shortly. I had worked out what I needed to live in relative comfort, but with the ...
On withdrawal you only get R25 000 tax-free once-off over your whole career and you can take all the money in cash. At retirement you can get up to R500 000 tax-free, once-off over all your retirement ...
Gift 5 articles to anyone you choose each month when you subscribe. Q: My self-managed super fund is in pension phase, but I would like to make a large withdrawal of $500,000. Would I be better ...
Q. I took a loan from my teacher pension fund several years ago for the downpayment on my first home. I was making monthly payments up until I left the pension fund and started a new job. Now I ...
A Fin24 reader wanting to withdraw from her pension fund was advised that she would have to pay R2 million in tax. Looking to find different, cheaper tax options, she writes: I am 57 years old, and my ...
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