UK-Oz Pension Transfer Quiz

1

What is the mandatory consequence if a 'Red Flag' is raised during a pension transfer?

Trustees must refuse transfer

55% tax charge

Member must attend guidance sessions

Transfer delayed 12 months

2

What document is required for transferring safeguarded benefits over £30,000 in the UK?

Residential certificate

Section 48 declaration

FSCS waiver

Notary statement

3

Which Amber Flag highlights complex charging structures?

Amber Flag 2

Amber Flag 4

Amber Flag 5

Amber Flag 3

4

What is the time limit on a 'guaranteed' transfer value (CETV) quotation?

12 months

3 months

30 days

6 months

5

What is the 'Applicable Fund Earnings'?AFE

Growth since residency

Pension value at leaving

Advice fees

Guaranteed income

6

Which entity manages Australian transfer coordination in the 'Pillar 4' strategy?

Expert Pensions Advice LLP

Tidswell Plan

EPAA Pty Ltd

MES Financial Services

7

Which is NOT a stated feature of Ebury Partners UK Limited?

Tier 1 Bank

FSCS Protection

Majority-owned by Santander

Electronic Money Institution

8

What is a core objective of the 4-Pillars Strategy for expatriates? (Choose all that apply)

100% guarantee on investment returns

Currency risk elimination

Tax compliance efficiency

Dual-jurisdiction advice model

9

Montage Carlo simulations assume which type of distribution for event modeling?

Uniform distribution

Normal distribution

Exponential distribution

Binomial distribution

10

What is the Lump Sum Allowance (LSA) standard as of 6 April 2024?

£268,275

£1,073,100

£134,957

£30,000

11

Which Australian regulators oversee the Tidswell Master Superannuation Plan?

HMRC

The Pensions Regulator

ASIC and APRA

FCA

12

Which risk is known as 'Sequence of Return Risk'?

Currency fluctuation

Poor early returns

Adviser retirement

Longevity risk

13

What is a required action if an 'Amber Flag' is raised during a pension transfer? (Choose two)

Refuse the transfer

Transfer delayed until guidance

Guidance from MoneyHelper

Immediate tax charge

14

Why is the '4-Pillars' structure preferred over direct transfer? (Choose all that apply)

FCA-regulation bypass

Avoid high-risk investments

Logistical simplicity

Nil Balance Rule compliance

15

When can the UK government pension access start for most under new regulations?

50

55

60

65

16

For Australian SMSF ROPS status, what is required? (Choose all that apply)

ATO regulation

£1,000,000 in assets

Restrict under-55 payments

Based outside UK

17

What is the primary factor in determining Expert Pensions Advice LLP fee range?

Number of pension schemes

Exchange rate

Pension value

Age of member

18

How long does an Australian SMSF's ROPS application typically take with the HMRC?

Up to 4 weeks

1 week

6 months

24 hours

19

Which financial safety net protects if a DB scheme becomes insolvent?

MoneyHelper

FCA

Action Fraud

PPF

20

What protects Ebury Partners' clients' funds?

Direct management

FSCS Insurance

Safeguarding

High-risk investments

21

What test is the Spouse's pension in a DB scheme typically associated with?

50% guarantee

10% continuation

25% increase

VAT rebate

22

Who manages the final investment strategy in Australia under the 4-Pillars Model?

ASIC-regulated Australian adviser

Trustees

SIPP Administrator

UK adviser

23

To qualify for concessional tax rates in Australia, what must happen post-transfer?

Advice fees zeroed

Exchange rates secured

UK pension nil balance

Tax rate fixed

24

What funding type does deterministic modeling ignore compared to stochastic?

Market fluctuations

Monte Carlo processes

Risk analysis

Inflation assumptions

25

What are the 'Four simple steps to stay scam safe'? (Choose all that apply)

Don't be rushed

Check FCA register

Get MoneyHelper advice

Pay in cryptocurrency

Reject unexpected offers

26

What is required in a photo identification for an Australian transfer?

Justice of the Peace signature

Birth certificate

Tax file number

MRZ code

27

In the event of an investment 'black swan,' what should an adviser clarify?

100% guaranteed returns

Normal distribution limits

Model excludes inflation

Model covers FTSE 100

28

In a case study, with a 20% loss, what impact is emphasized?

£50,000 loss surreal

£10,000 loss

£26,900 loss affecting spending

£100,000 AUD symbolic

29

CalculationCorrection

30

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