The following questions all relate to the annual allowance.
What will the annual allowance be in 2014/15?
In the 2013/14 tax year, what is the earliest tax year when carry-forward can be utilised?
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
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
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
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