I presume the minimum and maximum pension withdrawal amounts apply to the $1.6 million pension account and not the total fund (pension plus accumulation)?
According to the respondent, the exchange offered to move him to the head of its transaction queue if he paid a fee of 5% on top of his withdrawal amount.
In the case of a married or common-law couple, the combined tax-free withdrawal amount increases to $50,000, as both can pull $25,000 from their accounts.
The minimum service period is five years and the maximum withdrawal amount is 36 times your total salary (for construction of property) and 24 times (for purchase of property).
