A-Day maximum benefit

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Transcription:

A-Day maximum benefit calculation form For executive pension members It is essential that you give full details on this form. Failure to do so could mean that Old Mutual Wealth is unable to carry out a maximum tax-free cash calculation. Please use BLOCK CAPITALS only and blue or black ink. Please complete all sections. If any are incomplete, we will return the form for completion. All references to Old Mutual Wealth in this form mean Old Mutual Wealth Life Assurance Limited. A Member s Details Employer s name Plan/Account number Member s full name Male Single Civil Partnership* Female Spouse s/civil partner s date of birth Married *As defined by the Civil Partnership Act 2004. Are you a controlling director (see explanatory note 1 on page 7) for this employment? Date of entry to service for the employment this pension scheme relates to Have you left this service? If, the date you left service Have you opted out of pensionable service? If, the date you opted out 1 of 8

B salary Details Please enter details of your annual salaries for this employment. We only require earnings information up to 5 April 2006. You should include all variable benefits. These are benefits earned in addition to salary and include company car benefits, taxable bonus payments and any additional benefits in kind shown in your P11D form. Please note, if you were defined as a controlling director or an individual earning in excess of 105,600 a year prior to 5 April 2006 we need at least three years consecutive earnings. Year ending (mm/yy) Basic salary Variable benefits Total remuneration If you have joined the scheme since August 1991 were you: i) a 20% controlling director for that employment in the 10 years prior to joining the scheme? ii) in the year of joining the first occupational pension scheme related to this employment, were you earning more than 25% of the earnings cap (see explanatory note 2 on page 7) which applied in that tax year, from this employment? 2 of 8

C Other pension arrangements If providing any information in Parts C1 C3 please ignore the value of any pension funds built up from contracting-out rebates while in this employment. Part C1 Do you have any other benefits from service with the employer this pension scheme relates to? ie one or more of the following arrangements: Benefits in other money purchase or final salary schemes of your employer. Personal Pensions in regard to this employer (see explanatory note 3 on page 7). Section 32s from an earlier transfer out or buyout (please also confirm the original type of scheme before it became a Section 32 policy). Free-Standing Additional Voluntary Contribution (FSAVC) in regard to this employment. Retirement Annuity Contract (RACs) in regard to this employment. If, please go to Part C2. If, please provide details below. 1. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) 2. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) continued 3 of 8

C Other pension arrangements (continued) 3. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) 4. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) If necessary, please continue on a separate sheet and attach to this form. Part C2 Do you have any other benefits from associated employments or connected schemes? This is where you have pension benefits from another concurrent employment with an employer who is controlled by your main employer, or both are controlled by another employer. If please go to Part C3. If we will contact you directly, as we may require further information with regard to your connected employment. continued 4 of 8

C Other pension arrangements (continued) Part C3 Do you have any other benefits from previous employments? If please go to Section D If please provide the details below: 1. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) 2. Name of life office Name of employer Lump sum payable as at 5 April 2006 Pension payable prior to commutation (see explanatory note 4 on page 7) If necessary, please continue on a separate sheet and attach to this form. 5 of 8

D declaration You must complete this section. Any omission or misstatement of a material fact in this form could affect the calculation and payment of benefits under the Executive Pension. A material fact is one which is likely to influence the assessment of this calculation. If you are uncertain whether a fact is material, you should give full details so that we can assess its possible significance. If you become aware of such a fact, you should notify us immediately. Declaration I declare that to the best of my knowledge and belief the statements made in this form and any related documents are true and complete and that I have not concealed any material fact. I confirm that I have seen and read the privacy notice at www.oldmutualwealth.co.uk/privacy Signature of Member Date E notes 1. Controlling Director Here means a member who, within 10 years of retirement or leaving pensionable service or leaving the employer, has been a director and owned or been able to control 20% or more of the share capital of the company. 2. Earnings cap HM Revenue & Customs set a limit on the salary on which pension benefits and contributions can be based for any person taking out a pension scheme after 1989. The limits are as follows: Tax year Earnings cap 1989/1990 60,000 1990/1991 64,800 1991/1992 71,400 1992/1993 75,000 1993/1994 75,000 1994/1995 76,800 1995/1996 78,600 Tax year Earnings cap 1996/1997 82,200 1997/1998 84,000 1998/1999 87,600 1999/2000 90,600 2000/2001 91,800 2001/2002 95,400 2002/2003 97,200 Tax year Earnings cap 2003/2004 99,000 2004/2005 102,000 2005/2006 105,600 3. Personal Pensions If you had a concurrent personal pension as allowed by legislation from 6 April 2001 do not include this plan. 4. Commutation This means conversion of part of a pension fund into a tax-free lump sum. 6 of 8

7 of 8

www.oldmutualwealth.co.uk Please be aware that calls and electronic communications may be recorded for monitoring, regulatory and training purposes and records are available for at least five years. Old Mutual Wealth Life Assurance Limited is registered in England & Wales under number 1363932. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services register number 110462. VAT number 386 1301 59. SK4091/218-1215/July 2018 8 of 8