1. The difference in LTA charge between retaining in pension and taking as a lump sum is
2. LTA charges arising on a members death are paid by
a. the scheme
b. the beneficiaries
c. the personal representatives
d. any of the above
3. Bob moved £500,000 after Pension Commencement Lump Sum (PCLS) into drawdown. He had a fund value of £600,000 by his 75th birthday and had taken £150,000 of income.
The amount tested against the LTA at age 75 is
4. Sandi was offered a scheme pension of £10,000 per annum. She commuted some of this for PCLS of £20,000 and a pension of £8,000.
How much LTA did she use
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