What personal fund threshold was Jack entitled to apply for at 7 December 2010?

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Prepare for the Qualified Financial Adviser (QFA) Pensions Exam 2. Test your knowledge with flashcards and multiple choice questions. Review detailed explanations for each question and get ready to succeed!

Multiple Choice

What personal fund threshold was Jack entitled to apply for at 7 December 2010?

Explanation:
The personal fund threshold is the limit used to determine how a pension fund is treated for tax and protection purposes. On 7 December 2010, the published threshold was €5.1 million, so that is the amount Jack could apply for. The other figures do not match the historical threshold set for that date, which is why they are not correct.

The personal fund threshold is the limit used to determine how a pension fund is treated for tax and protection purposes. On 7 December 2010, the published threshold was €5.1 million, so that is the amount Jack could apply for. The other figures do not match the historical threshold set for that date, which is why they are not correct.

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