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AF1 Exam: Personal Trust and Tax Planning

AF1 Exam: Personal Trust and Tax Planning

The AF1 exam, personal trust and tax planning, is one of the exams that can count towards the Advanced Diploma in Financial Planning. Candidates who have already completed the Diploma in Financial Planning should have the necessary technical knowledge to tackle the Advanced Diploma.

The Advanced Diploma in Financial Planning requires 290 credits in total. The AF1 exam is worth 30 credits. It has a suggested 150 study hours (although this may vary greatly from person to person) and follows the case study format. The exam is worth 160 marks and consists of three compulsory questions. The exam lasts for 3 hours and has a nominal pass mark of 55%.

Upon completion of the AF1 exam, candidates should have a solid knowledge of:

  • The structure of the tax system
  • The self-assessment system
  • Individual taxes on income and capital
  • The computation of tax liabilities
  • How benefits affect tax planning
  • The calculation and application of National Insurance
  • How different types of investments are affected by tax
  • The creation and management of trusts
  • Making a will
  • Bankruptcy rules

The range of learning resources from Brand Financial Training can help candidates take their exams with confidence. For the AF1 exam, there are mock exam papers available for students. These consist of two complete sets of three questions, written in the same style as the CII papers (although they are not exact copies of them). Every question comes with a detailed answer, which includes cross-references to the applicable CII study text. Brand Financial Training makes sure the mock exam questions are up to date to reflect amendments to the exam syllabus.

Other learning resources are available for the AF1 exam, as part of their products for J0 and R0 Diploma exams.

For convenience, candidates can download the mock exam questions in a PDF file and have access them immediately after purchase. Like all Brand Financial Training study aids, the mock questions come with a 30-day, no questions asked, moneyback guarantee. Prepare for your AF1 exam in the best possible way with the help of Brand Financial Training.

Information in this article is correct as at October 2011