Search results for "R03"
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R03 Exam: Personal Taxation
What to Expect from the R03 Exam The Chartered Insurance Institute R03 exam is a level 4 exam, it is one of the six units that make up the CII Diploma in Regulated Financial Planning, which is the benchmark qualification for financial advisers. The R03 exam is deemed by many candidates to be the hardest of the R0 multiple choice […] -
The CII R03 Exam is a tricky one
Over the past few years, the pass rates show that the CII Diploma R03 Personal Taxation exam has had the lowest pass rate out of all the R0 exams. What’s more, the most recent results from 2017 show a further dip. Here we take a look at why this exam is so tricky to pass. THIS ARTICLE IS RELEVANT TO […] -
How do you complete the CII R03 exam in just 60 minutes?
The CII R03 exam continues to be one of the hardest exams to pass at diploma level. The main issue candidates have is the way the questions are worded and the timeframe - it's tough to answer 50 questions in 60 minutes, particularly when 11 of those are multiple-response and there is a host of calculation questions. Here, we give you some strategies that will help your exam preparation. -
Try This R03 Question For Size
The CII’s R03 exam only gives you 10 credits towards the Diploma in Regulated Financial Planning and yet over the past few years R03 has had the lowest pass rate out of all the R0 exams. Our customers are clear that it is a tough exam requiring a wide knowledge of the subject area. So this month we thought we’d […] -
How to Do These Common Calculations in the CII R03 Exam
When it comes to the CII R03 exam (Personal Taxation), candidates will, of course, be expecting to do calculations. They can, at the very least, anticipate the following calculations: Income Tax, Capital Gains Tax, Inheritance Tax, Taxation of Investment Bonds, and Taxation of Investments. In this article, we cover two calculations that could come up in your exam. -
Top Tip – National Insurance Employment Allowance – CII R03, R06, AF1, AF5
THIS ARTICLE IS RELEVANT TO EXAMINABLE TAX YEAR 2021/22. From April 2014 an employment allowance was introduced for businesses, charities and community amateur sports clubs. The annual ‘employment allowance’ is currently £4,000 which can be offset against their liability to Class 1 secondary contributions. Effectively a £4,000 nil rate band for employers – but not employees. This is set to […] -
Top Tip – Tax Payment 31st January 2014 – CII CF2, CF5, R03, R06, AF1, AF5
http://www.brandft.co.uk As December approaches some may be thinking more of the 31st January tax bill that’s looming rather than Santa and his reindeer. The self-employed are only too familiar with the January ‘tax blues’ and the prospect of having the first payment of account to pay for the current tax year as well as the balancing payment that’s due for […] -
Top Tip – Rental Income and Tax – CII R03, R06, AF1, AF5
http://www.brandft.co.uk/ I read over the weekend that HMRC is keen to ensure that all the landlords in the UK are paying the correct amount of income tax and how important it is therefore to ensure you are declaring any income from rental properties and keeping accurate and up-to-date records not just of the rents but of expenditure too. It got […] -
How to Triumph Over the CII’s Multi-Response Question
If you are studying toward the CII’s diploma in regulated financial planning you will need to get to grips with the ‘multi-response’ questions which feature in the R01, R02, R03, and R04 exams. -
How to Determine UK Residency Status
A whole chapter of the CII's R03 study text is based on residence and domicile, so no doubt you'll be faced with questions on this subject. Over the next few weeks, we will be posting articles to help you break down the technical detail. This will also be of interest to anyone studying for AF1, AF5 or R06. -
The Certainties of Life: Death, Taxes and IHT Questions on your CII AF1 or R03 Exam
There are only two certainties in life according to Benjamin Franklin. To those, we can add the certainty that questions on Inheritance Tax (IHT) will come up if you are sitting the R03 exam and of course the AF1 exam. Learn more about it so you don’t get caught out on exam day. THIS ARTICLE IS RELEVANT TO EXAMINABLE TAX […] -
The Little-Known Tax Perk of Being Married
The marriage allowance is a scheme to give income tax relief to married couples, but it does only apply to those couples with very specific circumstances. Here, we discuss those circumstances and provide an example that will be useful to those who are studying for any of the CII CF1, R01, R03, R06, AF1, or AF5 exams. -
Using Your Own Transport for Business
Using your own transport for business may be tested in the CII exams R03 or within AF1. Read on to learn what qualifies as a business travel expense, the different ways to recover the cost, and the mileage rates. -
More Changes on the Horizon for Landlords
Learn about the changes that will affect buy-to-let landlords from April 2020. This information will be of interest to those studying for CII exams on taxation, R03, R06, AF1 and AF5. So last year, landlords took a blow when the ability to offset mortgage interest against rental income was reduced. Prior to April 2017, interest paid on mortgage loans could […] -
Know how to apply the 36% IHT rate?
The 36% inheritance tax rate has been with us for a while now but who understands how it actually works? It’s one of those areas where we think we know until we actually have to try and answer a question on it. This article includes an example on how to apply the rate – useful for those studying for CII […]