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March PKT

Authored by Akshay More

Professional Development

Professional Development

Used 1+ times

March PKT
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum pension commencement lump sum (PCLS) is being fixed at £268,275 irrespective of the member’s protection certificate.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Annual Allowance (AA) will decrease from £60,000 p.a. to £40,000 p.a. effective 6 April 2023

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trivial commutation amount is entirely taxed if the member is a pensioner

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can a member retire due to serious ill health?

a) are not expected to live for longer than a year

b) have not yet started their pension

c) have used up all their lifetime allowance

a & b

a, b & C

a & C

b & C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the disclosure date for the Early Retirement & Ill health retirement cases? Benefit event crystallization date (BCE)

1 month after BCE date

2 months after BCE date

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Death cases which are referred to the trustees should be pended for 20 days and if no response received once the case is unpend, we need to raise a referral.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How a queue should be managed?

Clear checking first, then processing, then completions

Clear processing first, then checking, then completions

Clear processing first, then checking, clear completions simultaneously

Clear checking first, then processing, clear completions simultaneously

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