R04 Pensions and retirement planning: Gap Analysis & Assessment Tool

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A factor of 16:1 is used in the calculation of:

all pensions in payment whether from occupational schemes or personal pension schemes

the value of the increase in pension rights for an active member of a defined benefit scheme for annual allowance purposes

the value of a scheme pension at the vesting date

the maximum income available under flexi-access drawdown

Question 2 of 5

Question Worth : 1 mark

Current Score : 0 [Total available for assessment: 5]

Question Ref. #WL123653.