Most people save up a pension fund to save them on a rainy day or to give them some income when they retire. Most people are introduced to different ways through which you can calculate the total amount you will get a pension. Below are a basic pension calculation, and trivia questions give it a try and see how well See moreyou understand it.
£1,500,000.00
£1,800,000.00
£1,650,000.00
£1,600,000.00
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At any point they want
On their next policy anniversary
On their Birthday
On 6th April each tax year
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At any point they want
On their Birthday
On their next policy anniversary
On 6th April each tax year
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10 days
30 days
60 days
90 days
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Never
At any point they want
6th April
On the client's 75th Birthday
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£6,150.48
£4,612.86
£5,125.40
£3,844.05
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0.51%
0.23%
0.54%
0.60%
It is not possible to refund contributions back to a client from their pension
It is possible to refund contributions over and above the client's level of earnings - we will ask the client to write to us incorporating a special declaration
It is possible to refund contributions back to the client with no questions asked
It is possible to refund contributions back to the client so long as their financial adviser agrees that the payment was made in error
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£0.00
£26,150.00
£20,920.00
£52,300.00
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