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TTFA Certificate for BCE 3 for a Pre A day Pension

PeterMPeterM Member
in Technical stuff

Hi folks

I have received a TTFA Certificate for a client.

The client received a DB pension in 2005 but also received a pension increase triggering BCE 3 on 1st April 2016 at which time his DB pension was £17,535 a year.

The TTFA certificate only shows the usage caused by BCE 3 not the usage of his DB pension as at 1st April 2016.

Is this correct as I thought both should be listed on the certificate?

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Comments

  • les_cameronles_cameron Member

    The percentages on certificates doesn't matter - they key point is that the allowance usage is correct.

    You could get different answers re the % :
    a) the pre a day was a deemed BCE not an actual one so shouldn't be on there
    b) the TTFAC % should be the amount deemed to be used if a BCE happened on 5th April 2024 so it should be included.

    I think b is correct but moot.

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  • PeterMPeterM Member

    Thanks Les, much appreciated.

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