Module 5 – Protecting Clients Pension Plans

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* 1. Q1 – A primary driver for younger clients is protection of pension benefits on death, true or false?

True

False

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* 2. Q2 – Which of the following is not true for Pensions?

Pension trust planning advice is highly relevant to most legal partnerships.

Any Pension death benefits paid into trust pre age 75 will largely be tax free if under the lifetime allowance

Pension planning is not relevant when advising single clients.

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* 3. Q3 – Pension death benefits can still be controlled once they have been paid absolutely to a new legal partner?

True

False

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* 4. Q4 – If an Asset Preservation Trust receives pension death benefits what options are open to the Trustees?

Trustees can appoint out capital only.

Trustees must invest and pay regular income.

Trustees can at their discretion make loans to beneficiaries.

All of the above

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* 5. Q5 – Which of the following statements is correct?

All pension death benefits can be paid into an APT

Only Trust based pension can be paid to an APT

The death benefits of more than one pension can be paid into an APT

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* 6. Q6 – Clients must fill out a new Nomination of Beneficiary form with the pension provider in favour of the APT, true or false?

True

False

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* 7. Q7 – Which of the following statements is correct?

Pension death benefit payments to an Asset Preservation Trust would be guaranteed if detailed in a Will.

Personally owned pension arrangements (contract based) cannot go into the same Asset Preservation trust as DIS

DIS benefits and SIPP death benefits can be paid into one Asset Preservation Trust

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* 8. Q8 – Which of the following statements is true?

An APT can avoid taxation after age 75.

Pension death benefits can be protected for ultimate beneficiaries for blended families if an APT is used

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* 9. Q9 – The Trust Fund of an APT can benefit multiple beneficiaries

True

False

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* 10. Q10 – Which of the following statements is false?

An Asset Preservation Trust cannot be attacked in the event of a divorce

An Asset Preservation Trust can deliver positive tax outcomes.

An Asset Preservation Trust can be used through the generations

Module 5 – Protecting Clients Pension Plans

Question Title

* 1. Q1 – A primary driver for younger clients is protection of pension benefits on death, true or false?

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* 2. Q2 – Which of the following is not true for Pensions?

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* 3. Q3 – Pension death benefits can still be controlled once they have been paid absolutely to a new legal partner?

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* 4. Q4 – If an Asset Preservation Trust receives pension death benefits what options are open to the Trustees?

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* 5. Q5 – Which of the following statements is correct?

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* 6. Q6 – Clients must fill out a new Nomination of Beneficiary form with the pension provider in favour of the APT, true or false?

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* 7. Q7 – Which of the following statements is correct?

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* 8. Q8 – Which of the following statements is true?

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* 9. Q9 – The Trust Fund of an APT can benefit multiple beneficiaries

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* 10. Q10 – Which of the following statements is false?

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