Pension Scheme – NBC Institute

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

Question

In accordance with the Personal Income Tax Act CAP P8 LFN 2004 (as amended), you are required to write short notes on:
(i) National Housing Fund Contribution (3 Marks)
(ii) Contributory Pension Scheme (4 Marks)
(iii) National Health Insurance Scheme Contribution (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: National Health Insurance, National Housing Fund, Pension Scheme, PIT Contributions
Level: Level 2

Topic: Personal Income Tax
Series: NOV 2018

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

Question

Explain the three-tier pension scheme under the National Pensions Act, 2008 (Act 766).

Answer

Find Related Questions by Tags, levels, etc.

Tags: National Pensions Act, Pension Scheme, Taxation of Pensions, Three-Tier Pension
Level: Level 2

Topic: Tax Administration
Series: MAR 2023

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

Question

What are the contribution rates and how are they distributed between the Employer and Employee, under the 3-Tier Scheme? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: 3-Tier System, Employee Contributions, Employer Contributions, Pension Scheme
Level: Level 2

Topic: Tax Administration
Series: AUG 2022

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

Question

What are the main benefits and qualifying conditions under the 2nd Tier Mandatory Occupational/Work-Based Pension Scheme? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Mandatory Occupational Scheme, Pension Scheme, Retirement Benefits
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2020

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

Question

The following information relates to the pension scheme of Patience Pass All Limited for the year ended 30 April 2016:

The pension costs have not been accounted for in the total comprehensive income as the Accountant of the company is not qualified yet and lacks sufficient knowledge on the provisions of IAS 19 Employee Benefits.

Required:
Demonstrate how the above transaction would be accounted for under the provisions of IAS 19 Employee Benefits, including relevant extracts to the financial statements for the year ended 30 April 2016.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Defined Benefit, Interest Cost, Pension Scheme, Service Cost
Level: Level 3

Topic: IAS 19: Employee Benefits
Series: NOV 2016

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: National Health Insurance, National Housing Fund, Pension Scheme, PIT Contributions
Level: Level 2

Topic: Personal Income Tax
Series: NOV 2018

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

Question

Explain the three-tier pension scheme under the National Pensions Act, 2008 (Act 766).

Answer

Find Related Questions by Tags, levels, etc.

Tags: National Pensions Act, Pension Scheme, Taxation of Pensions, Three-Tier Pension
Level: Level 2

Topic: Tax Administration
Series: MAR 2023

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

Question

What are the contribution rates and how are they distributed between the Employer and Employee, under the 3-Tier Scheme? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: 3-Tier System, Employee Contributions, Employer Contributions, Pension Scheme
Level: Level 2

Topic: Tax Administration
Series: AUG 2022

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

Question

What are the main benefits and qualifying conditions under the 2nd Tier Mandatory Occupational/Work-Based Pension Scheme? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Mandatory Occupational Scheme, Pension Scheme, Retirement Benefits
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2020

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

Question

The following information relates to the pension scheme of Patience Pass All Limited for the year ended 30 April 2016:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Defined Benefit, Interest Cost, Pension Scheme, Service Cost
Level: Level 3

Topic: IAS 19: Employee Benefits
Series: NOV 2016

Question Tag: Pension Scheme

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

Our offerings

Contact Info

Customer

Get In Touch

NBC Institute

Question Tag: Pension Scheme

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

You're reporting an error for "TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)"

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

You're reporting an error for "PT – March 2023 – L2 – Q2d – Tax Administration"

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

You're reporting an error for "PT – Aug 2022 – L2 – Q2c – Tax Administration"

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

You're reporting an error for "PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration"

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

You're reporting an error for "CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits"

TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)

Explain the national housing fund, contributory pension scheme, and national health insurance scheme contributions.

You're reporting an error for "TAX – Nov 2018 – L2 – SA – Q1b – Personal Income Tax (PIT)"

PT – March 2023 – L2 – Q2d – Tax Administration

Explain the three-tier pension scheme under the National Pensions Act.

You're reporting an error for "PT – March 2023 – L2 – Q2d – Tax Administration"

PT – Aug 2022 – L2 – Q2c – Tax Administration

Explain the contribution rates and their distribution between the employer and employee under the 3-Tier Pension Scheme.

You're reporting an error for "PT – Aug 2022 – L2 – Q2c – Tax Administration"

PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration

Outline the main benefits and qualifying conditions of the 2nd Tier Mandatory Pension Scheme.

You're reporting an error for "PT – Nov 2020 – L2 – Q5d – Withholding Tax Administration"

CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits

Account for a pension scheme under the defined benefit plan for Patience Pass All Ltd.

You're reporting an error for "CR – Nov 2016 – L3 – Q2b – IAS 19 – Employee Benefits"

Our offerings

Contact Info

Customer

Get In Touch

NBC Institute

admin