DB & DC Leavers

Mr Wells joined DC scheme on 15th

August 2016 and left on 16th November 2016.

• Refund or Transfer Out

• Transfer Out or Preserve

• Refund and Transfer out

• Transfer Out and Preserve

Mrs Ellis joined the scheme on 1st

October 2010 and left after her 55th Birthday on 10th August 2016.

• Preserve or transfer or early retirement

• Preserve and transfer and early retirement

• Transfer or preserve

• Transfer and preserve

CETV is guaranteed for

• 2 months

• 3 months

• 1 month

• Not Guaranteed

A member from a DB scheme will get a reduced pension at late retirement. True or False

• True

• False

Both employee and employer contributions are refunded to the member, if SSRLS is opted. True or False

• True

• False

In a DC Scheme, the GMP portion of the preserved pension is revalue using fixed/sec 148 / limited. True or False

• True

• False

Fund Value is transferred out of a DC scheme to another registered pension scheme. True or False

• True

• False

A member when transferring from DB to DC scheme, needs to take financial advice. If the CETV is or more than

• 30,000 GBP

• 50,000 GBP

• 10,000 GBP

• 20,000 GBP

If a member has transferred in benefits, they are not entitled to Refund of Contribution. True or False

• True

• False

ROC is taxed at 20% for first 20,000 and balance is taxed at 50%. True or False

• True

• False