Q1. Section 2.1 of core reading - qualifying status
4th bullet point - "the relationship between the premiums payable in different 12 month periods".
Are we talking about reviewable vs guaratneed premiums here?
Q2. Pension contracts - section 4.3 - Benefits
"The remaining 75% can be placed into drawdown account or used to purchase an immediate annuity". This happens at age 55. Question - would the drawdown or immediate annuity payments be available from age 55 or 65?
Q3. The core reading uses two sets of terminology:
"full marginal tax rate" - in the context of general annuity payments
"marginal tax rate" - drawdown at age 55 or life assurance contracts
What is the difference, if any between the two?
Last edited by a moderator: Mar 17, 2017