American_Bankers_Association
CTFA · Question #2
CTFA Question #2: Real Exam Question with Answer & Explanation
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Question
Trevor is a member of a defined benefit company pension scheme. Which factor relating to his circumstances confirms that he will avoid incurring a special annual allowance charge in the current tax year?
Options
- AHe is a member of an Employer Financed Retirement Benefit Scheme (EFRBS)
- BHe is aged 61
- CHis total annual earnings have never exceeded £110,000
- DHis benefits include the maximum level of death benefit
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