Learners should be aware that there WILL BE CHANGES for the next series of CPC examinations in September 2024. 

These changes relate wholly to the removal of the Lifetime Allowance and the introduction of the Lump Sum Allowance (LSA) and the Lump Sum & Death Benefit Allowance (LS&DBA) from 6 April 2024. 

The changes will specifically impact Retirements and Deaths.   

For Deaths, candidates will now be expected to test the monetary value of any lump sum death benefits against the monetary value of the deceased member’s remaining LS&DBA.   

For Retirements, candidates will now be expected to test the monetary value of any tax-free cash sums (or the monetary value of the non-taxable element of any UFPLS payments) against the monetary values of both the member’s remaining LSA and LS&DBA.   

Example Case Studies are available in the Case Studies Section of this website