To withdraw all of the amassed funds at one time, an application for one-time disbursement must be submitted. To submit the application:
- contact the bank of your choice or
- go to the “My pension account” self-service section of the Pension Centre website.
Starting from the year 2021, lump sum disbursement in retirement age or with less than 5 years until retirement are subject to income tax. The tax rate in such a case is 10%.