April PKT

What is the Net Small Lump sum if the Gross Lump sum is 9876.57

• 8395.17

• 7407.43

• 7901.26

• 8320.14

Calculate the pension for Mr X as at DOL – Service (Complete Years and days)

DJS – 06/11/1997

DOL – 20/08/2020

FPS – 34069.63

Accrual – 100th

• 7765.08

• 7769.74

• 7779.23

• 7750.84

What is the revalued pension as at 15/12/2022, member’s DOL – 19/08/2015 – Revaluation for Excess and GMP on generic basis DOJ – 11/08/1987

Pre 88 GMP – 95.23

Post 88 GMP – 1897.26

Pre 97 – 2597.56

Post 97 – 2358.17

Post 05 – 4965.15

• 14317.96

• 14517.20

• 13245.96

• 18947.20

Which of the following describes Annual Allowance?

• Maximum pension that can be paid at retirement

• The amount of pension that will be taxed

• Maximum pension savings that can get tax relief

• Maximum tax exempt pension fund

What is the BCE event for entering Scheme pension and PCLS

• BCE2 and BCE6

• BCE3 and BCE9

• BCE1 and BCE8

• BCE2 and BCE9

If the LTA is exceeded what is the LTA charge that would be applicable at current date

• 55% if the excess is taken as Lump sum

• 25% if the excess is taken as Lump sum

• 45% if the excess is taken as lump sum

• At member's marginal rate

If the member’s DOR is in 2020, but the benefits are being settled in 2023, the benefits would be tested against Which LTA

• £1,055,000

• £1,073,100

• £1,030,000

Within how much time should a retirement quote to be issued to the member from the date of request

• 2 months

• 3 months

• 1 month

• 10 working days

Which type of Transfer is an Invalid transfer

• DB to DC

• DC to DC

• DC to DB

• DB to LGP

For which type of transfer does an advisor letter is not required

• Transfer to DC

• Transfer to DB

• Transfer to OPS

• Transfer to LGP