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Pension scheme

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Pension scheme

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by Ema.
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  • November 22, 2015 at 8:43 pm #284646
    Ema
    Member
    • Topics: 73
    • Replies: 107
    • ☆☆

    Sir,
    Can you please explain with example about Life time allowance in Pension scheme.

    November 25, 2015 at 5:26 am #285061
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    No calculations required within your syllabus just an awareness that a Lifetime Allowance limit exists as to the total value of the pension fund. There are tax penalties that then arise if when the taxpayer takes their pension the value of the fund is in excess of that limit.

    November 25, 2015 at 12:46 pm #285175
    Ema
    Member
    • Topics: 73
    • Replies: 107
    • ☆☆

    Ok thanks…

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