PF pension withdraw option

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sowmya (Querist)
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23 June 2022 Hi,

can we withdraw the full amount including Pension after the retirement from the service?

can anyone please guide me?
already withdrawn the advance amount. The Balance needs it urgently.

Thanks in advance.

Sowmya Santhosh

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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10 July 2024 Yes, after retirement, you can withdraw the full amount accumulated in your Employees' Provident Fund (EPF) account, including both the EPF balance and the pension amount. Here’s how you can proceed:

1. **Eligibility**: Ensure that you have retired from service completely. Normally, retirement age is considered as 58 years, but if you have retired earlier or under specific circumstances, ensure that you meet the criteria set by the EPFO (Employees' Provident Fund Organization).

2. **Withdrawal Process**:
- **Form Submission**: You need to fill out Form 10D (for pension withdrawal) and Form 19 (for EPF withdrawal). These forms are available on the EPFO website or can be obtained from your employer’s HR department.
- **Documentation**: You will need to submit relevant documents such as your PAN card, Aadhaar card, bank account details, and a cancelled cheque along with the forms.
- **Verification**: The EPFO will verify your details and process your withdrawal request.

3. **Withdrawal Options**:
- **Lump Sum Withdrawal**: You can withdraw the entire EPF balance, including both employee and employer contributions, and the accumulated interest.
- **Pension Withdrawal**: The monthly pension amount (if you are eligible) will also be disbursed to you after retirement. This is typically a fixed monthly amount based on your years of service and contributions.

4. **Tax Implications**: Understand the tax implications of EPF withdrawals. Generally, if you withdraw EPF after 5 years of continuous service, it is tax-free. However, if withdrawn before 5 years, it may attract tax under certain conditions.

5. **Processing Time**: EPF withdrawals usually take some time for processing, so be prepared for a wait before the funds are disbursed to your bank account.

**Follow-Up**: Keep track of your withdrawal application through the EPFO portal or by contacting your regional EPFO office if needed.

It's advisable to carefully review all the withdrawal rules and procedures on the EPFO website or consult with a financial advisor to ensure you follow the correct steps for withdrawing your EPF and pension amounts after retirement.