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Bermudan pension lump sum

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Joined: Wed Aug 06, 2008 4:04 pm

Bermudan pension lump sum

Postby hardy » Mon Jun 19, 2017 3:47 pm

Is a lump sum from a Bermudan pension fully taxable in the 2016/17 tax year?
We have always claimed the 10% deduction on the monthly pension, but the client cash in the pension and received just over $240000.
Does the 10% deduction apply to this as well, or is it fully taxable?

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