Full retirement sum trend

OngHuatHuat

OngHuatHuat

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Your first 20 k not subjected to any income tax.

The 5 % is penalty, not tax.
If you just anyhow withdraw, you will be subjected to both income tax and penalty of 5 % on 100 % of amount withdrawn.

SBC said:
Why not?
10k drawn down - kana 5% Tax
Topup 8k - to enjoy 7% tax rebate

Or just draw down 2k if I really need the 2k?
Click to expand...
 
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