facebookWhen you withdraw from your SA at age 55, do you have to pay income tax on it? - Seedly

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Anonymous

24 May 2020

CPF

When you withdraw from your SA at age 55, do you have to pay income tax on it?

This is because I know that if you withdraw from SRS, you have to pay income tax, so I was wondering if this was the same for SA.

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Pang Zhe Liang

23 May 2020

Lead of Research & Solutions at Havend Pte Ltd

No, there is no tax on withdrawal for Special Account.

I share quality content on estate planning and financial planning here.

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