Sharon is a member of two registered pension schemes. She receives no benefits from either of these
Question:
Sharon is a member of two registered pension schemes. She receives no benefits from either of these schemes u ntil 19 March 2009 , when she takes a lump sum of £9 57,000 from one of her schemes. On 5 Janua ry 2018 she takes a lump sum of £530,000 from her other scheme. Calculate the lifetime allowance charge arising from these two events.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Id be happy to help you calculate the lifetime allowance charge for Sharon but its important to not...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Stuart is a member of a registered pension scheme. He took no benefits from this or any other scheme until February 2018 , when he received a lump sum of 320,000 and began to receive a pension of...
-
Fergus and FelicityVine live in the North East of England. They own a house valued around 390,000 and this is owned as a beneficial joint tenancy. They have been married for 20 years and have no...
-
Lunga Dlamini, aged 56, is a resident of the Republic. Lunga is married out of community of property. He is currently employed at Quantico (Pty) Ltd. The following information relates to Lunga for...
-
The chief accountant for Ramsey City needed to make adjusting entries before preparing the citys financial statements for calendar year 2022. She wrote a brief paragraph to guide her assistant in...
-
Printed circuit cards are placed in a functional test after being populated with semiconductor chips. A lot contains 140 cards, and 20 are selected without replacement for functional testing. (a) If...
-
Semi-xylenol orange is a yellow compound at pH 5.9 but turns red when it reacts with Pb 2+ . A 2.025-mL sample of semixylenol orange at pH 5.9 was titrated with 7.515 10 -4 M Pb(NO 3 ) 2 , with the...
-
The 4/40 is a type of ____________ work arrangement. (a) compressed workweek (b) allow workers to change machine configurations to make different products (c) job-sharing (d) permanent part-time
-
A firm is planning to manufacture a new product. The sales department estimates that the quantity that an be sold depends on the selling price. As the selling price is increased, the quantity that...
-
A bag contains eleven equally sized marbles, which are numbered. Two marbles are chosen at random and replaced after each selection. 2 5 10 11 8 What is the probability that the first marble chosen...
-
Edna's total pension input amounts for tax years 2014-15 to 2017-18 are as follows: The annual allowance has been 40,000 since 2014 -15. Edna has no unused annual allowance to bring forward from...
-
Diane is self-employed and a member of three registered pension schemes. Her pension input amounts for 2017-18 for each of these schemes are as follows: Scheme A: 12,500 Scheme B: 4,400 Scheme C:...
-
Net income of $1,350,000 was reported on the income statement of Andy Boy Ltd. for the year ended July 31, 2015. The number of common shares outstanding as at August 1, 2014, was 350,000, and the...
-
Helen is looking at the partial information left behind by her former supervisor , Lyle. She knows he used the high -low method to estimate the cost function because she sees his cryptic H-L...
-
5) Given the following information about a corporation's current year activities, compute the retained earnings for the current year ended December 31. Retained earnings, January 1 Cash dividends...
-
Tyler and Ross are married, have taxable income of $470,000, and own a partnership together. They have a qualified business income (QBI) of $334,600 from the partnership and do not have any qualified...
-
From five scholarly articles and professional journals that address current trends, issues, and practices related to the assessment and instruction of ELL and ESE students in PK-grade 3. Elaborate on...
-
Go to a site like finance.yahoo.com or a similar site and download 5 years of monthly closing prices for 5 of the above companies (Historical Data). Download the data into an Excel file, and use the...
-
On October 31, 2015, the bank statement for the checking account ofBlockwood Video shows a balance of $12,751, while the companys records show a balance of $12,381. Information that might be useful...
-
In a large midwestern university, 30% of the students live in apartments. If 200 students are randomly selected, find the probability that the number of them living in apartments will be between 55...
-
A UK company has the following results for the year to 31 March 2021: Required: Calculate the corporation tax payable for the year. Trading profits Chargeable gains Capital losses brought forward on...
-
Larry died on 1 November 2020 leaving an estate valued at 300,000. He had never had a wife or civil partner and he left his estate to his best friend. On 1 October 2012 he had set up a discretionary...
-
David Deans started trading as a painter and decorator on 1 July 2020. He has notified you of his turnover each month which, up to November 2020, has been as follows: In anticipation of a meeting...
-
Make-or-Buy Decision Matchless Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $57 per unit. The company, which is currently operating below full...
-
2-1A Dada la siguiente informacin de la Compaia Belmond, Inc., prepare un Balance Sheet y un Income Statement para la fecha de December 31, 2021 Inventory... General and administrative expense......
-
Rory Company has an old machine with a book value of $83,000 and a remaining five-year useful life. Rory is considering purchasing a new machine at a price of $109,000. Rory can sell its old machine...
Study smarter with the SolutionInn App