Stuart is a member of a registered pension scheme. He took no benefits from this or any
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Stuart is a member of a registered pension scheme. He took no benefits from this or any other scheme until February 2021, when he received a lump sum of £320,000 and began to receive a pension of £52,500 per annum. Calculate the lifetime allowance charge arising from these events.
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The value of the pension is 1050000 20 x 52500 so the total value of the benefits received i...View the full answer
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