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New Member
posted Jun 5, 2019 2:54:53 PM

How can I claim a repayment of an early dispersal from my pension? Can the original tax penalty be recovered by the repayment?

I was laid off during recession and then later rehired by the same employer. However, I took an early dispersal from the pension while unemployed to keep up with the mortgage. I am paying it back now that I have been rehired.


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1 Best answer
Expert Alumni
Jun 5, 2019 2:54:54 PM

No, the early withdrawal tax penalty cannot be reclaimed.

Payments you make to your pension plan now are treated as new contributions.

1 Replies
Expert Alumni
Jun 5, 2019 2:54:54 PM

No, the early withdrawal tax penalty cannot be reclaimed.

Payments you make to your pension plan now are treated as new contributions.