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  • A High-Level Look at the Main Recommendations of the OTS’s IHT Review

    In January 2018, the Office of Tax Simplification (OTS) was asked to review various aspects of inheritance tax (IHT).  The first report was published in November of 2018, where it was highlighted that fewer than 25,000 estates are liable to IHT each year, which is less than 5% of all deaths, even though 10 times as many estates needed to […]

  • Many Routes to Chartered

    Are you working towards Chartered Financial Planner status?  Are you wondering where to start? Here, we explore the many options available to a person who has achieved her Diploma in Regulated Financial Planning and wants to gain Chartered status. This post was first published on Money Marketing.    In CII-speak, to meet the qualifications requirement you will need 290 credits. […]

  • Understanding How to Apply the Transferable Nil Rate Band

    A popular topic for both R03 and AF1 exams, in particular, is the transferable nil rate band. It sometimes appears in R01 and R06 too. This article will help you to understand how you would answer a question regarding inheritance tax and transferable nil rate band on your CII exam. THIS ARTICLE IS RELEVANT TO EXAMINABLE TAX YEAR 2017/18. Changes […]

  • The Ups and Downs of the FSCS Figure

    For those who may have missed this (or are just confused by it!), the Financial Services Compensation Scheme (FSCS) now covers deposit accounts back up to the previous £85,000 limit and has done since 30th January 2017.   So it used to be £85,000 and then it went down to £75,000 and now it’s gone back up again! This article discusses […]

  • What are the differences between Sole Trader and Limited Company?

    A friend asked me whether she should set up as a sole trader or as a limited company for her new business venture.  A difficult question to answer and one that has been asked of small businesses for many years, so what are the differences? This is useful reading for those who are studying for any of the CII  AF5, […]

  • Transfers to Non-Domiciled Spouses/Civil Partners

    Inheritance tax is based on domicile status.  There’s no strict definition of domicile, but it’s taken to be where you consider your permanent home to be. If you’re a UK domicile, then you’ll pay IHT on your worldwide assets, and if you’re not, then just your UK assets will be caught in the IHT net. This article provides an explanation […]

  • 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 […]

  • 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 […]

  • Is there life beyond the Advanced Diploma?

    So you’ve slogged away through the CII Diploma in Regulated Financial Planning and then decided to keep on going.  You then worked hard to achieve the CII Advanced Diploma in Financial Planning.  What now?  Time for a well-earned rest?  Or are you keen to just keep on going?  What are the options? Holding the Advanced Diploma already puts you ahead […]

  • 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 […]

  • Can You Answer These R01 Questions?

    This article is relevant to anybody who wants to further their career in the financial services industry, whether you are at Certificate Level or Diploma Level. This month we’ve provided some CII Diploma in Regulated Financial Planning R01 questions and answers.  These are useful not only to those of you taking R01, but also to those of you sitting the […]

  • 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 – 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 […]

  • 5 Steps for Diploma in Regulated Financial Planning

    Previously, to be a financial adviser in the United Kingdom, you had to obtain a Certificate in Financial Planning. However, as of January 1, 2013, all financial advisers were required to have a Level 4 Diploma such as the CII Diploma in Regulated Financial Planning. The good news is that there are no prerequisites; it is open to anyone who […]