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AF1 Exam: Personal Trust and Tax Planning

AF1 Exam: Personal Trust and Tax Planning

What to Expect from the AF1 Exam

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  start to tackle the Advanced Diploma.

The Advanced Diploma in Financial Planning requires 290 credits in total. The AF1 exam is a level 6 exam worth 30 credits. The exam is a case study based exam with 3 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 are study notes, calculations workbook and trusts workbook and audio masterclasses Like all Brand Financial Training resources these 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 May 2020