The rules of maths don't change but you have not read...

  1. 49 Posts.
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    The rules of maths don't change but you have not read correctly the way the tax will be applied.

    As I understand it:

    ($Ending value - $Starting value + any withdrawals - after tax contributions) / $Starting value = amount subject to surcharge.

    An additional tax surcharge of 15% is then applied to this calculation.
 
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