Hi,
I am in superannuation scheme for last five yrs and now my employer has informed that the contribution on my account has crossed tax limit of 100k and i have two choose between following options:
1. out of toal contribution from my account the Contribution to be made in superannuation is upto 100k and other part to be contributed in PF.
2. Take out all the fund from superannuation as per Tax rules and start full contribution in PF scheme.
Pls suggest which will be better. Also what is the tax ammount on withdrawing Superannuation scheme
Thanks.
Vikas
I am in superannuation scheme for last five yrs and now my employer has informed that the contribution on my account has crossed tax limit of 100k and i have two choose between following options:
1. out of toal contribution from my account the Contribution to be made in superannuation is upto 100k and other part to be contributed in PF.
2. Take out all the fund from superannuation as per Tax rules and start full contribution in PF scheme.
Pls suggest which will be better. Also what is the tax ammount on withdrawing Superannuation scheme
Thanks.
Vikas