Benefits secured Flashcards

1
Q

Does a trivial commutation or small pot trigger a BCE?

A

No

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2
Q

What is the maximum value of all RPS rights that allows an individual to take a trivial commutation?

A

£30k

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3
Q

What is the maximum value of an individual pension that an individual can take a small pot from?

A

£10k

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4
Q

What is the maximum number of small pots payments that can be made from non-occupational schemes?

A

3

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5
Q

What death benefits do HMRC allow for scheme pensions?

A

Survivors/dependants pension
Guarantee period up to a max of 10 years
Capital protected lump sum

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6
Q

In what situation could an annuity trigger the MPAA?

A

If it’s a flexible annuity

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7
Q

What is the difference between an enhanced and an impaired annuity?

A

Enhanced is underwritten based on general medical questions, whereas impaired is individually underwritten based on a specific medical condition.

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