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J05 Exam: Pension Income Options

J05 Exam: Pension Income Options

The J05 exam is a  specialist diploma level exam focusing on Pension Income Options.

Subjects Covered:

Rules applying to retirement benefits when they are crystallised; the features, tax treatment and risks of the secured pension option, of the unsecured pension option, of phased retirement and of the alternatively secured pension; critical yield and how it relates to income withdrawal; benefits available due to ill health; state retirement benefits; regulatory & legal issues designed to protect clients drawing pension benefits and issues relating to pension advice.

Key Features:

The J05 is a 2-hour exam, and is considered to take 100 hours of study time, though this may be more or less, depending on the individual. Liverpool, London, Leeds and Edinburgh are just a few of the UK cities that have test venues for the exam which takes at set times during the year. Like the other J0 exams, J05 consists of fifteen compulsory short-answer questions.

Study Aids:

The Brand Financial Training mock exam papers and Calculation Workbook are ideal for helping candidates pass the J05 exam. Available either as a free taster set or to buy as a full set of three complete question/answer papers, the mock exam papers consist of questions that are set out in the same format at the CII questions, although they are not exactly the same. The questions are updated regularly to reflect any exam syllabus amendments or new tax rules and regulations. The Calculation Workbook consists of over 60 pages of calculation questions and answers, which are cross-referenced to the relevant CII study material. The papers and Calculation Workbook can be received in PDF format, which allows candidates to access them electronically. Both study aids come with the Brand Financial Training 30-day, money-back guarantee.

Information in this article is correct as at May 2020