72 (t)/(q) Substantially Equal Periodic Payments (SEPP) Changes

Did you know that Internal Revenue Code Sections 72(t) for qualified annuities and 72(q) for non-qualified annuities impose a 10% additional tax (also referred to as “premature distribution penalty”) when a withdrawal is taken from an annuity contract?

Find out what the various exceptions are to this tax and learn more about what’s changing for 72(t)/(q) SEPP.