As savings withdrawn from SRS are subject to tax, would I not be paying a lot of tax when I retire?

mof

Last updated 1y ago

No, only 50% of your withdrawals are subject to tax. Moreover, you are allowed to spread out your withdrawals over a period of time. With lower or nominal income at retirement, you may end up paying little or no income tax.

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As savings withdrawn from SRS are subject to tax, would I not be paying a lot of tax when I retire?

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