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Tak 23

Question

I have recently learned that most of my bonus will be placed in a tak 23. When will I be able to withdraw that money? Only at retirement? What happens if I die early? I will, of course, ask HR/ Finance... meanwhile, I would prefer your insight.

MeHa Oct 25, 2016 10:08
Mikek1300gt

I don't know about TAK 23, but I have experience with a bonus being paid in to a SICAV and it could be withdrawn immediately. It's the latest wheeze to try and get around confiscatory taxation, so I'm sure it's a loop hole that will soon be closed.

Oct 25, 2016 13:14
Eric Ash

If you withdraw before retirement age, it will be heavily taxed.

Nov 5, 2016 21:15