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P0 Q118

L

LastHurdles

Member
"Which statement about personal pensions is NOT true"
A - Employees can claim tax relief on contributions up to the higher of £3,600 or 100% of annual earnings
B - The maximum level of personal contributions that can gain tax relief in any year is £40,000
C - There is a cap on the value of the benefits accrued called the Lifetime Allowance (LTA)
D - Benefits in excess of the LTA are returned to individuals by the scheme

The answer says D. But isn't A also not true?
 
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