Page 21 - P6 Slide Taxation - Lecture Day 7 - Various Topics
P. 21
Retirement fund lump sum withdrawal benefits
• What is this? [Definition, par 2(1)(b) of the Second Schedule]
Pre-retirement lump sums
Divorce Transfer Other cases (e.g.
betweeen funds withdrawal)
Deduction: Deduction: Deduction:
Par 6(1)(a) Par 6(1)(a) Par 6(1)(b)
Withdraw benefit from…. …and transfer to
PF PF; PPF; RAF See the
following
PPF PF; PPF; RAF
slide
PrF PF; PPF; PrF; PrPF; RAF
PrPF PPF; PrF; PrPF; RAF
RAF RAF
