Do I have to pay taxes for the private pension capital upon its withdrawal?

Personal income tax will not be deducted on your accumulated pension capital that is formed of your own contributions, but personal income tax will be deducted from your employer's contributions to your pension fund savings.
The investment result calculated as a result of the management of the pension plan assets at the time of disbursement will be subject to a 20% tax on capital gains. The tax will be withheld at the time of payment of the savings by the CBL Open Pension Fund.

Are you satisfied with the answer?