IC Exam (Set A)

Posted on

 999

 

6 Jan 2023

IC Exam Question

If a self-employed person, who is a member of a master trust scheme, ceases to be self-employed and becomes a relevant employee of an employer, which of the following actions is he/she NOT allowed to do?

a) Redeem the accrued benefits in the master trust scheme.

b) Transfer the accrued benefits to another master trust scheme.

c) Retain the accrued benefits in the existing account in the master trust scheme.

d) Transfer the accrued benefits to the MPF scheme in which the new employer is participating.

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