The Pensions Advisory Service (TPAS)

What is the maximum you can pay aggregately each year into your pension plans and still receive tax relief from the Government?

Ł10,000

100% of your earnings or Ł3,600, whichever is greater

Ł1.5 million

Currently, how much is the maximum Basic State Pension?

Ł77.30 per week

Ł87.30 per week

Ł97.30 per week

What is the maximum period of time that you can defer payment of your state pension?

6 months

5 years

There is no limit

Between what ages can you draw retirement benefits from a stakeholder pension scheme?

50 and 75

60 and 75

At any time

Who regulates the activities of company pension scheme trustees?

The Financial Ombudsman Service

The Financial Services Authority

The Pensions Regulator

Which of these is considered to be a low-risk investment option?

A with-profit fund

A cash fund

An equity fund

What does HRP stand for?

Home Responsibilities Plan

Home Responsibilities Pension

Home Responsibilities Protection

What is the maximum value of pension rights allowable in order to cash-in your plans under new triviality rules?

Ł16,000

Ł1.6 million

Ł3,600

By when does an employer have to pay pension contributions deducted from an employee’s pay to the plan provider?

By the end of the tax year

By the 19th day of the month following deduction

By the end of the month

What is the maximum annual charge that a stakeholder plan provider can levy on a policyholder’s fund?

1.5% pa. for the first 10 years and then 1% pa. thereafter

2%

No restriction

TPAS - The Pensions Advisory Service