New Tax on retirement or early withdrawl.pdf Proposals to change the way in which the cash you withdraw from your retirement fund is taxed have now become law. We report on how the amendments may ease your tax bill or how they may result in your paying more tax. A breakdown of how pensionfund withdrawls will be taxed at either retirement or early withdrawl. Caluculate how much tax a lump sum witdrawl will cost you, before deciding how much to withdraw! Added: 2009-11-02 11:15