In April 2017 the MPAA allowance was cut from £10,000 to just £4,000 per annum designed to stop people “recycling” their pension.
Also note that, in absolute terms, the payoffs differed across the domains; for instance, the highest payoff in the gamble to win domain was £4080, whilst it was £4320 in the investment domain. Nonetheless, as previously mentioned, the ratio of the two different payoffs for Options 1...