SMEs talking technically about planning for SMEs

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below

1. True or False, employer pension contributions are limited to the relevant earnings of the individual?

A. True

B. False

2. Assuming the wholly and exclusively test is met, employers get the tax relief on employer penion contributions?

A. When the payment reaches the pension provider.

B. When the money leaves the company bank account .

C. When the funds are invested in the pension.

3. A company using historic cost accounting accounts for investment bond gains:

A. By taxing the growth on an annual basis

B. By taxing the gain when a withdrawal is made

C. By taxing the annual growth and when the bond ends

D. By ignoring any withdrawals up to 5% of the original premium   

4. Companies may have Business Asset Disposal relief issues if they have investment exceeding what percetage of their assets?

A. 10%

B. 20%

C. 30%

D. 50%  

1. True or False, employer pension contributions are limited to the relevant earnings of the individual?

A. True

B. False

2. Assuming the wholly and exclusively test is met, employers get the tax relief on employer penion contributions?

A. When the payment reaches the pension provider.

B. When the money leaves the company bank account .

C. When the funds are invested in the pension

3. A company using historic cost accounting accounts for investment bond gains:

A. By taxing the growth on an annual basis

B. By taxing the gain when a withdrawal is made

C. By taxing the annual growth and when the bond ends

D. By ignoring any withdrawals up to 5% of the original premium   

4. Companies may have Business Asset Disposal relief issues if they have investment exceeding what percetage of their assets?

A. 10%

B. 20%

C. 30%

D. 50%