Home

Search results for "AF1"

  • How to Know When the Higher Tax Applies to Second Properties

    As we all know, purchases of second and buy-to-let properties incur an extra 3% Stamp Duty Land Tax (SDLT), but we wonder if everyone is aware of the finer detail. Be sure to have a go at answering the bonus practice question – helpful for your CII CF6, R02, R03, R06, R07, AF1, AF4 or AF5 exam revision. This article […]

  • Increase to Probate Fees from May 2017

    This article was written before the surprise 2017 General Election was announced. The probate fees were scrapped at that time with no indication if they will go ahead after the election. Probate fees are being increased from May 2017. This article discusses these increases and outlines the various options available to executors for fee payment. Those who are revising for […]

  • The Making of Millionaire Children Through Clever Tax Planning?

    This week we’re going to take a look at saving for children – the options available and how these can work for a parent’s estate planning. This will be of interest to those studying for any of the CII AF1, R01 or R03 exams. This article is relevant to examinable tax year 2016/17. Questions often come up on this topic […]

  • Delving into the Detail of the Increased Stamp Duty Land Tax

    As we all know, Stamp Duty Land Tax (SDLT) increased in April, for those people buying second and buy-to-let properties. This article delves more into the detail of this increase – useful reading for those studying for any of the CII R02, R03, R06, AF1, AF4 or AF5 exams. This article is relevant to examinable tax year 2016/17. Since April, […]

  • Low-Earners Stop Up the Gaps with Voluntary NICs

    In this article, we look at the National Insurance Contributions, which can be made by those who have gaps in their NI record. This could apply to anyone who has lived abroad or was employed or self-employed with low earnings or profits. Those studying for any of the CII AF1, AF3, AF5, J05, R03, R04, R06 or R08 exams will find this useful reading. […]

  • A Baffling Question About IHT and The Order of Gifts

    Here, a question posed by a reader is answered in detail. The question pertained to the order of gifts and how it impacts IHT charges. This article will be of interest to those who are studying for their CII R01, R03, R06 or AF1 exams. This article has been written in response to a reader’s comment on our recent blog […]

  • How the Inherited ISA Allowance Works in Practice

    Having spent the last week looking at the AF5 April exam fact-find, it looks as if the inherited ISA allowance may be tested this time round.  It meant a bit more research to see how this works in practice. This will be of interest to those studying for any of the CF1, R02, R03, R06, J10, AF1, AF4 or AF5 […]

  • CII Pass Rates for 2015: R08 Tops the List

    The CII have published the annual exam pass rates for 2015. We take a quick look at the results in comparison to previous years – of interest to those studying for their CII exams. Using the figures from 2012, 2013 and 2014, you can see below how these percentages have changed for the Diploma and the Advanced Diploma in Financial […]

  • Stamp Duty Land Tax Changes – What They Affect, and How

    A new system in determining Stamp Duty Land Tax has been announced, which will provide a significant cost saving to the average home buyer. Read on to learn more about the changes. Useful information for CII CF1, CF6, ER1, R03, R07 and AF1 candidates. Stamp Duty Land Tax (SDLT) underwent radical change in the Chancellor’s 2014 Autumn Statement. Gone is […]

  • Will the new benchmark be Level 6?

    One of the questions on the minds of many financial advisers is whether or not the bar will be raised to QCF Level 6. This article examines the decision advisers need to make as to whether to take the ‘easy route’ or the ‘relevant route’ on their path to qualification. This article is of particular interest to those who are […]

  • 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 […]

  • Hot Topic – Which Study Materials to Use for CII AF Exams?

    http://www.brandft.co.uk Having recently been involved with a discussion over what materials to use to study for AF exams, we thought it might be useful to bring it up here and open it up for discussion.  Exam  The CII recommend studying:  AF1 J02 Trusts R03 Personal Taxation R05 Financial Protection AF1 Case Study Workbook  AF2 J03 Tax and Legal Aspects of […]

  • Hot Topic – CII Exams Pass Rates for 2013

    http://www.brandft.co.uk/ The CII have published their 2013 exam pass rates, and below we compare the Annual Pass Rates with those of 2012. It’s that time of year again when the CII publish their exam pass rates for the previous year.  Using stats from 2012 you can see below how these percentages have changed for the Diploma and the Advanced Diploma […]

  • Hot Topic – Increased CGT for Landlords from April

    http://www.brandft.co.uk/ From April 2014 landlords will see a reduction in a valuable tax break which could hit some quite hard. Currently, if you own a second property there is an exemption that means if at any point that property was your main residence, the last 3 years of ownership still qualify for the private residence relief (PPR) and will be […]

  • Child Benefit Tax Charge – CII R03 or AF1

    The high income Child Benefit Tax Charge is a tax charge for individuals with  total taxable income over £50,000 who are in receipt of Child Benefit. The charge gradually claws back up to 100% of the benefit as earnings increase over £50,000. The charge is collected via Self-assessment. The tax charge is 1% of the child benefit for every £100 […]