Friday Five – 17 May – 5 Questions in 5 Minutes
Welcome to this week’s Friday Five – 5 Questions in 5 Minutes Every Friday
What’s this all about?
It’s a bit of Friday Fun where we provide you with 5 questions relevant to a mix of CII exams. The challenge is for you to answer them in 5 minutes. Answers at the bottom of the page.
IMPORTANT! These questions relate to examinable tax year 2018/19, examinable by the CII until 31 August 2019. They do not relate to tax year 2019/20 which is only examinable by the CII from 1 September 2019.
- Who oversees the UK payments system?
- The Payments System Regulator
- The Bank of England
- The Payments Council
- The Association of Payments Clearing Services
- Which fund management style is based on finding companies with long-term sustainable advantage often used by active growth managers?
- Growth At A Reasonable Price
- Which of the following actions would HMRC most likely take into account when assessing if someone has acquired a new domicile status? Tick all that apply.
- Sally sells her Kensington flat to buy a new home for her and her family in Madrid
- Evan is travelling around America for 12 months and will then return to the UK
- Ross let out his property as he is spending an increasing amount of time in Sweden with his new girlfriend
- Poppy’s Australian business is flourishing so she has sold her UK home and bought an apartment in Sydney and told everyone she is emigrating
- If Mary wishes to achieve a higher level of new State Pension by increasing her qualifying years, she should consider paying which of the following National Insurance Contributions?
- Class 3A.
- Class 3.
- Class 2.
- Class 4.
- Jane was recently made redundant and is currently receiving Jobseeker’s Allowance (JSA). If she receives support for mortgage interest loan payments, they will be:
- Paid after 39 weeks for a maximum of 2 years
- Paid after 39 weeks and paid until she finds new employment
- Paid after 26 weeks for interest on mortgages up to £100,000
- Paid after 13 weeks for a maximum of 2 years
- B – See R01 Study Text, Chp 1
Grab our taster mock exam paper for CII R01. Click here to download.
- B – See R02 Study Text, Chp 8
Grab our taster mock exam paper for CII R02. Click here to download.
- AD – See R03 Study Text, Chp 5
Grab our taster mock exam paper for CII R03. Click here to download.
- B – See R04 Study Text, Chp 7
Grab our taster mock exam paper for CII R04. Click here to download.
- A – See R05 Study Text, Chp 3
Grab our taster mock exam paper for CII R05. Click here to download.
How did you find this week’s questions? Did you complete them in 5 minutes? Did you get them all correct? Do you disagree with any?
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