Multiple choice Q&A #1

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MON, 11 MAY 2015

Each week, we post our responses to stand out questions that come into our Technical Support Unit and give our answers on the off chance others might also find them helpful. This week, we’re shaking things up with a spot of multiple choice on pension flexibility. Ready? Answers at bottom of this post.

1. Who cannot nominate a successor?

a. Member
b. Nominee
c. Successor
d. Scheme administrator

2. A basic rate taxpayer under age 75 wants £13,600 net income from their UFPLS. What’s the cost to the fund?

a. £10,880
b. £13,600
c. £16,000
d. £17,000

Q1 a
Q2 c