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Unit 1 Topic 9

1 / 13

What is the HIGHEST rate of tax relief in total that can be granted to personal pension contributions?

2 / 13

Which of these statements is INCORRECT in relation to an ISA?

3 / 13

If a customer is contributing to an occupational pension scheme and wishes to also start a stakeholder pension, what is the maximum amount of income per annum that they can have earned in the last year?

4 / 13

The open market option enables the plan holder to:

5 / 13

Which one of the following items would usually be used to calculate the maximum permitted contribution payable to a personal pension plan?

6 / 13

How is the income from a pension taxed in retirement?

7 / 13

A client’s personal pension plan fund at retirement is £150,000. What is the MAXIMUM available as a tax-free cash sum?

8 / 13

Which one of the following items would usually be used to calculate the maximum permitted contribution payable to a personal pension plan?

9 / 13

After taking the tax-free cash sum, a personal pension plan holder would often use the balance of the fund to buy:

10 / 13

Excluding any employer’s contribution, what is the MAXIMUM percentage of UK earnings that an employee can contribute to a personal pension plan?

11 / 13

Which one of the following is TRUE of the tax relief available for an individual’s contribution to a personal pension plan?

12 / 13

Colin is paying £100 per month to the cash element of an ISA in this tax year. He is considering using the equities element to the ISA. What is the maximum additional amount he can pay into the ISA this tax year?

13 / 13

Julia is a higher rate taxpayer. She understands that she pays her pension contributions net of tax relief to the product provider and has to reclaim the remainder from HMRC. At what rate is this additional relief reclaimed from HMRC?

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