10 Questions
Who can investigate complaints with the Pension Ombudsman?
Current or former members of a pension scheme, and their dependants
What is the main goal of the Money and Pensions Service?
To make guidance and information available to help people make effective financial decisions
What type of pension schemes does the Pension Protection Fund (PPF) protect?
Defined benefit and hybrid schemes
How is the Pension Protection Fund (PPF) funded?
Through three levies: an administration levy, a fraud compensation levy, and a pension protection levy
What happens when the PPF assumes responsibility for a scheme?
The PPF takes over the scheme's remaining assets and uses them to help fund compensation
What is the purpose of Pension Wise?
To provide guidance on pensions
Who can nominate someone to take a complaint to the Pensions Ombudsman?
A pension scheme member or their estate
What is the role of MoneyHelper?
To make guidance and information available to help people make effective financial decisions
What type of service is MoneyHelper?
A free service
Who runs the Pension Protection Fund (PPF)?
The PPF Board
This quiz covers the UK tax regime, focusing on contributions, allowances, and dividends. Learn how dividends affect tax relief and how salary sacrifice can reduce NICs. Understand HMRC's rules and regulations on pension schemes.
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