48 Flashcards
(1 cards)
1
Q
Sarah, a higher rate tax payer, has decided to fund a personal pension to pay for any future long- term care needs. She should be aware that:
A a maximum of £3,600 per annum net can be saved.
B income tax may be payable on receipt of benefits.
C no pension commencement lump sum will be available prior to her 60th birthday.
D this strategy will not be subject to currency risk in any circumstances.
A
B income tax may be payable on receipt of benefits.
