Section 31

Jadual 1 Akta ibu dipinda dengan menggantikan Bahagian XVI dengan Bahagian yang berikut:

“Part Xvi

Notwithstanding Part I, income tax shall be charged for a year of assessment on the total amount received by an individual in respect of withdrawal from a deferred annuity or a private retirement scheme where such withdrawal is made before that individual reaches the age of 55

(other than by reason of permanent total disablement, serious disease, mental disability, death or permanently leaving Malaysia) at the rate of 8 per cent on every ringgit of that contribution withdrawn.”.