Which tax rates apply to lump sum withdrawal after transfer from provident to preservation fund

I'm over 55 years of age and was retrenched at the end of March 2015. Following retrenchment I chose to transfer my provident fund to a preservation fund. Now, four months later, I'd like to withdraw the full benefit (more than R1 050 000) as a lump sum from the preservation fund. Will I still be taxed for the lump sum withdrawal as a retrenched person (i. E involuntary termination of employment) or will I now incur the higher rates applicable to persons who terminate employment voluntarily.

Unfortunately you will not carry the benefits across if you chose to withdraw before the age of 65.

Thanks, I'm 57, and that is exactly what I needed to know!

Only a pleasure!