Provident Fund Question

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JuggyUK

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My wife is leaving her current company and would like to cash out her provident fund. I know that a pension fund under certain circumstances can be transferred to a preservation fund where one only gets taxed 18% for withdrawals under 600K (or is it 500K)

Can she transfer her provident fund to a preservation and then withdraw all? The value is around 550k
 

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