maka wrote:Ericsson wrote:heri wrote:Just checking how pension withdrawals are taxed?
if i am not yet at retirement age and i withdraw 100% of my pension contributions and 50% of the employer contributions ( i hope that is still allowable under the current law)
is the total of the two then subjected to taxation based on the sliding scale such that if the total is about 2M i only get about sh 1.5m or thereabouts?
someone help
Yes using the prevailing income tax brackets
Interesting....
Thought upto 520k is tax exempt, then you start taxation on the excess amount from 1 bob applying the income tax brackets, was it changed?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen