RETIREMENT LUMP SUM BENEFIT RETIREMENT LUMP SUM WITHDRAWAL BENEFITS (RLB) (RLBW) COLUMN 1: COLUMN 2: FAVOURABLE TAX SCALE Less FAVOURABLE TAX SCALE RETIREMENT DEATH QUALIFYING TRANSFER BETWEEN OTHER: RESIGNATION OR RETRENCHMENT FUNDS WITHDRAWAL PF Rules of fund; or Note what fund may be transferred to: Termination of service table format in notes 55 years; or due to ER ceasing to carry Permanently incapable on trade / EE redundant TAXABLE TAXABLE TAXABLE LUMP SUM LUMP SUM LUMP SUM LESS: DEDUCTIONS LESS: LESS: Contributions allowed as deduction and not PF RAF Qualifying amount Contributions not allowed as Amounts previously (see RLWB) transferred: FULL deductions for PF and RAF Qualifying transfers Previously taxed amounts (ONLY FOR QUALIFYING RETRENCHMENTS)
RETIREMENT LUMP SUM BENEFIT (RLB) COLUMN 1: FAVOURABLE TAX SCALE RETIREMENT LUMP SUM WITHDRAWAL BENEFITS (RLBW) COLUMN 2: Less FAVOURABLE TAX SCALE RETIREMENT PF Rules of fund; or 55 years; or Permanently incapable DEATH QUALIFYING RETRENCHMENT Termination of service due to ER ceasing to carry on trade / EE redundant TRANSFER BETWEEN FUNDS Note what fund may be transferred to: table format in notes OTHER: RESIGNATION OR WITHDRAWAL TAXABLE LUMP SUM LESS: DEDUCTIONS Contributions not allowed as deduction PF and RAF Amounts previously (see RLWB) Qualifying transfers (ONLY FOR QUALIFYING RETRENCHMENTS) TAXABLE LUMP SUM LESS: Qualifying amount transferred: FULL TAXABLE LUMP SUM LESS: Contributions not allowed as deductions for PF and RAF Previously taxed amounts
RETIREMENT-AND-WITHDRAWAL-BENEFITS-SUMMARY.docx