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What the Maximum Tax free amount for NRA 60

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freespeech
MDEC
Posts: 762
Joined: 28 Jun 2007, 16:35

Re: What the Maximum Tax free amount for NRA 60

Post by freespeech »

NorthernBoy wrote: ↑
30 Nov 2024, 18:03
Hawkey99 wrote: ↑
29 Nov 2024, 21:20
 Northern Boy,

Thats a huge amount of pension to lose if you take both at 55.

25% of your NRA 60 & 50% of your NRA 65 I believe.

Ofcourse everyones circumstances are different....Good luck....

You are not wrong, it’s a big reduction in cash terms for taking early.

However by taking early I think I will be able to improve my quality of life in the age age 55-60 significantly.
Is there not a tax advantage to delay NRA65 to 56 instead of taking them both at the same time?
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