Numbers / dates to memorise Flashcards

1
Q

The Foundation Finance Acts

A

1916 and 1921

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2
Q

The New Code Finance Act

A

1970

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3
Q

The Simplification Finance Act

A

2004

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4
Q

Pensions Freedom and Choice Acts

A

Finance Act 2011 and Taxation of Pensions Act 2014

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5
Q

A day

A

6 April 2006

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6
Q

Initial minimum income requirement

A

£20,000 pa

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7
Q

Date change for new State Pension

A

6 April 2016

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8
Q

Start of auto enrolment

A

1 October 2012

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9
Q

When was default retirement age 65 abolished

A

1 October 2011

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10
Q

SPA rise from 65 - 66

A

Between 2018 and 2020

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11
Q

SPA rise from 66 - 67

A

Between 2026 - 2028

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12
Q

SPA rise from 67 - 68

A

Between 2044 - 2046

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13
Q

2020/21 new State Pension

A

£175.20 pa

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14
Q

Qualifying years to receive full BSP

A

35 years

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15
Q

Total ISA annual limit

A

£20,000 pa

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16
Q

When were new Money Purchase flexibilities introduced

A

April 2015

17
Q

From when did DC SIPs need to be published online

A

1 October 2019

18
Q

From when did implementation statements need to be published online

A

1 October 2020

19
Q

What is the pensions advice allowance

A

£500 from a pension pot, once per tax year, max three times

20
Q

Max compensation the Financial Ombudsman can award

A

£150,000

21
Q

PPF compensation

A

100% of bens for those over NPA or in receipt of ill health / dependants pension. For others, 90% of benefits subject to an age related cap. 2020 cap is £41,461.07 pa.