/ 6 October 2010

Withdrawing RA’s when emigrating

Dave asks: If I emigrate, can I draw 100% out of my RA’s and pay some tax?

Maya replies: The law has been changed to allow you to withdraw your RA before maturity if you are emigrating.

However depending on the product and the length of time you have held the RA surrender penalties may apply. As you mentioned tax will also apply based on retirement tax tables.

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