Aaron Finch hit the highest individual score in T20 history on Thursday night with his 156 from 63 balls against England: 156 Aaron Finch (Australia v England). 123 Brendon McCullum (New Zealand v Bangladesh, Sep 21, 2012).
A hardship distribution is a withdrawal from a participantâs elective deferral account made because of an immediate and heavy financial need, and limited to the amount necessary to satisfy that financial need. The money is taxed to the participant and is not paid back to the borrowerâs account.
A hardship withdrawal is not a loan. You can't repay it. But, that raises a good point. You should see if your plan offers a 401k loan as an alternative to taking a financial hardship withdrawal. Plan loans are not subject to taxes or penalties, and you can continue to contribute to the plan while you repay the loan.or example: suppose you fall in the 28 percent tax bracket. If you take a $10,000 hardship withdrawal to pay for your child's college tuition, you will owe $2,800 in federal income taxes and an additional $1,000 to cover the early withdrawal penalty.