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The Technical Connection Quiz: 20 March

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions.

The following questions all relate to the annual allowance.

Question one

What will the annual allowance be in 2014/15?

A) £250,000

B) £100,000

C) £50,000

D) £40,000

Question two

In the 2013/14 tax year, what is the earliest tax year when carry-forward can be utilised?

A) 2008/09

B) 2009/10

C) 2010/11

D) 2011/12

Question three

Other than active membership, which pension scheme membership(s) status will qualify an individual to utilise carry-forward?

A) Deferred member

B) Pensioner member

C) Pension credit member

D) All the above

Question four

If an individual has a total pension input amount that exceeds the annual allowance and has fully crystallised the carry-forward allowances, in which situation would the annual allowance charge not apply?

A) Member divorces

B) Member dies

C) Transfer of benefits to Qrops

D) Retirement in good health

Question five

Who is responsible for paying the annual allowance charge?

A) The member

B) The scheme administrator

C) The employer

D) All of the above

Questions supplied by Technical Connection 

Access full CPD, technical updates and business generation ideas through Techlink Professional. Go to and click theContact Us link at the top of the screen and then request your free trial from the drop down menu.



1) D
2) C
3) D
4) B
5) A



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