Module 3 Financial Considerations When Making Pension Benefit Decisions
This module is an overview to assist with guidance for members.At the end of this module you will be able to:
- State the main sources of income and how expenditure may differ in retirement
- Identify the main allowances and how tax impacts on the net income
- Explain how effect of the Annual Allowance and the Lifetime Allowance and when to test benefits
- Understand when this may be applicable and the link with continuing employment
