QFA
QFA PENSIONS SAMPLE PAPER 2 EXAM
QUESTIONS AND ANSWERS
The acronym ARF stands for which of the following?
A Approved Retirement Fund
B Annual Retirement Fund
C Automatic Retirement Fund
D Age Related Function - correct answer A
(i) - Glossary - Prologue
The earnings limit for pension contributions is currently:
,QFA
A €115,000
B €150,000
C €254,000
D €500,000 - correct answer A
(ii) - Earnings and age related limits - Prologue
Which of the following is/are earned income?
(i) Rent
(ii) Deposit interest
(iii) Self-employed trading income
A (iii) only
B (i) and (ii) only
C (ii) and (iii) only
D (i), (ii) and (iii) - correct answer A
1.1 - Main Types of Personal Financial Needs
,QFA
Personal savings held outside of a pension arrangement
is an example of which pillar of provision for retirement?
A First
B Second
C Third
D Fourth - correct answer C
1.2.3 - Third Pillar: Personal Savings & Investments
Continuing to work part time after retirement from an
individual's main occupation is an example of which pillar
of provision for retirement?
A First
B Second
C Third
D Fourth - correct answer D
, QFA
1.2.4 - Fourth Pillar: Continued Earnings in Retirement
Ivan joined the civil service in 1992. He pays PRSI at
which class?
AA
BB
CK
D S - correct answer B
2.2.1 - The PRSI System
Aoife is a proprietary director of her own company and is
aged 56.
Aoife pays PRSI at which class?
AA
BB
CD
QFA PENSIONS SAMPLE PAPER 2 EXAM
QUESTIONS AND ANSWERS
The acronym ARF stands for which of the following?
A Approved Retirement Fund
B Annual Retirement Fund
C Automatic Retirement Fund
D Age Related Function - correct answer A
(i) - Glossary - Prologue
The earnings limit for pension contributions is currently:
,QFA
A €115,000
B €150,000
C €254,000
D €500,000 - correct answer A
(ii) - Earnings and age related limits - Prologue
Which of the following is/are earned income?
(i) Rent
(ii) Deposit interest
(iii) Self-employed trading income
A (iii) only
B (i) and (ii) only
C (ii) and (iii) only
D (i), (ii) and (iii) - correct answer A
1.1 - Main Types of Personal Financial Needs
,QFA
Personal savings held outside of a pension arrangement
is an example of which pillar of provision for retirement?
A First
B Second
C Third
D Fourth - correct answer C
1.2.3 - Third Pillar: Personal Savings & Investments
Continuing to work part time after retirement from an
individual's main occupation is an example of which pillar
of provision for retirement?
A First
B Second
C Third
D Fourth - correct answer D
, QFA
1.2.4 - Fourth Pillar: Continued Earnings in Retirement
Ivan joined the civil service in 1992. He pays PRSI at
which class?
AA
BB
CK
D S - correct answer B
2.2.1 - The PRSI System
Aoife is a proprietary director of her own company and is
aged 56.
Aoife pays PRSI at which class?
AA
BB
CD
