Search results for "AF1"
-
Income Tax Calculation Using the 6 Steps
In this blog post, we’re going to put the six steps to working out someone’s income tax liability into practice. This is useful knowledge for your CII R03 or AF1 exam preparation. -
Understanding Charitable Trusts and Their Tax Treatment
Increasingly, individuals are turning to charities for vital support in times of need where their needs are not met by government services due to cost. Food bank charities are a prime example. This article is particularly relevant to the CII's AF1 and J02 exams. -
The Hidden Benefits of Class 3 National Insurance Contributions
National insurance is commonly perceived as just another tax, but its true value lies in being a remarkable investment opportunity. With 35 qualifying years required for a full state pension, clients can leverage Class 3 National Insurance contributions to secure additional qualifying years and boost their retirement income. In this article, we delve into the benefits, returns, and extended deadline for seizing this often overlooked investment. Those studying for any of the CII AF1, AF5, R03, R04, or R06 will find extra knowledge in the area of National Insurance contributions to be advantageous to their exam revision. -
Brand Bitesize: Self-Assessment
In this Brand Bitesize video, we take a look at self-assessment – relevant to CII exam R03, but also a worthy reminder for exams AF1, AF5, CF1, R01, R04, and R06. -
National Insurance and Stamp Duty Land Tax Changes
2022/23 was quite a year for both Stamp Duty Land Tax (SDLT) and National Insurance contributions (NICs). For the latter, not only did we have the usual tax year changes from 6 April 2022, but we also had two further changes in July and November. In this article, we clarify which SDLT and NIC rates you should be using in your upcoming CII exam(s) - particularly relevant to R01, R03, AF1, R02, AF4, CF6, and R07. -
Getting a Good Grasp of the Two Types of Lasting Power of Attorney
A Lasting Power of Attorney, commonly shortened to LPA, gives someone else the legal authority to look after your affairs should you become unable to do so. This article looks at two different types of LPA - useful for candidates studying towards the CII AF1, AF5, J02, R01, R05, or R06 exams. -
How to Determine Periodic and Exit Charges on a Discretionary Trust
Discretionary trust taxation came up on a recent CII AF1 paper, and as much as we have covered this subject before, it seems a timely reminder for those thinking of sitting this exam in the future - also useful reading for J02, R03, R06, and AF5 exam takers. -
Brand Bitesize: Transfers into Discretionary Trusts
In this Brand Bitesize video, we take a look at how transfers into discretionary trusts work in practice when either the trustees or the settlor pays the tax due. This could be useful for anyone studying for the CII's R03, J02, or AF1 exams. It could potentially appear on the R06 and AF5 exams as well. -
The Financial Implications of the Cuts to the Dividend Allowance
In this article, we look at the financial implications of the cuts to Dividend Allowance as well as some ideas to potentially mitigate their effects. This is useful reading for CII R02, R03, R06, AF1, AF4, and AF5 exam revision. -
The Capital Gains Tax (CGT) annual exempt amount falls
In this article, we look at the financial implications of the cuts to the CGT annual exempt amount as well as some ideas to potentially mitigate their effects. This is useful reading for CII R02, R03, R06, AF1, AF4, and AF5 exam revision.