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reconfiguring a busted SEPP

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ByRoger

L1: reconfiguring a busted SEPPIf a person is forced to bust their SEPP because of a financial emergency, is a new SEPP started with calculations based on the new reduced account balance and the new appropriate interest rate?2004-02-19 15:56, By: Roger, IP: [209.114.244.70]
L2: reconfiguring a busted SEPPYou don’t reconfigure a busted SEPP. You merely pay the taxes and penalties on the broken SEPP.
You can then start a new SEPP using new assumptions.
If you haven’t already busted the existing SEPP, consider other alternatives like borrowing, etc. Busting can get expensive.2004-02-19 16:04, By: Gfw, IP: [172.16.1.70]

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