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Level 1

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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Level 6

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

No, the early withdrawal tax penalty cannot be reclaimed.

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

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Level 6

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

No, the early withdrawal tax penalty cannot be reclaimed.

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

View solution in original post