As what type of income is a retirement lump sum classified?

Question:

Is other retirement lump sum under category code 3614 on an IRP5 classified as retirement or non-retirement funding income? Many thanks

Answer:

Nicola, A retirement lump sum would be classified as non-retirement funding income.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

Category: Retirement Annuity

Topic: Customer Questions

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