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Is there any tax when I transfer my pension assets in the defined contribution pension plan?
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No : 1506
Displayed Date : 2024/02/19 18:38
Updated DTM : 2024/02/20 12:37
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Is there any tax when I transfer my pension assets in the defined contribution pension plan?
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Preferential Tax Treatments
Answer
No tax is imposed. When a participant retires and transfers assets to another defined contribution pension plan, the accumulated pension assets can be transferred tax-free.