MCQ quiz of Chapter 5 of ACCA F6 Taxation (Pension)
Job
Work
Occupational
Professional
Personal Pension
Occupational Pension
Defined Benefit
Defined Contribution
More than one
Only One
Less than one
55
65
75
85
£1,000
£2,500
£3,600
£10,000
Employment Income, Trading Income and Furnished Holiday Lettings
Employment Income, Trading Income and Rental Income
Employment Income, Trading Income and Patent & Royalties
Employment Income, Trading Income and Dividends
£3,600
£10,000
£15,000
£20,000
£3,600
£10,000
£12,500
£15,000
£25,000
£50,000
£75,000
£ 80,000
£40,000
£50,000
£60,000
£70,000
£5,000 will be considered as non-savings income and he will pay tax on the same
There will be no additional tax payable
£5,000 will be reduced from the non-savings income
£5,000 will be deducted from the annual allowance of next year
45
55
65
75
£1,000,000
£1,400,000
£1,800,000
£2,200,000
Excess being penalized at 10%
55% taxed if excess value withdrawn
25% taxed if excess value withdrawn
All taxed at 10%
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