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R03 Exam: Personal Taxation

R03 Exam: Personal Taxation

What to Expect from the R03 Exam

The Chartered Insurance Institute R03 exam is one of the six units that make up the CII Diploma in Regulated Financial Planning, which is a new Level 4 benchmark qualification for financial advisers. There are no entry requirements, meaning the qualification is suitable both for candidates with no related experience or qualifications and professional financial advisers who need to achieve Level 4. Credits from all modules may be used toward the Advanced Diploma in Financial Planning.


The objective of the R03 exam, Personal Taxation, is to equip the candidate with the knowledge to advise individuals and trusts on all relevant aspects of the UK tax system. The exam syllabus covers the correct provision of UK investment advice to a range of clients and the role and relevance of tax in the financial affairs of individuals and trusts. Successful candidates should be able to demonstrate an ability to advise on National Insurance Contributions, including liability of employers, employees, voluntary payments and self-employed contribution levels; income tax; Capital Gains Tax; Inheritance Tax; residence and domicile rules; UK tax compliance, including PAYE (Pay As You Earn), self-assessment, tax returns and tax evasion and avoidance issues; stamp duty reserve tax and stamp duty land tax; Value-Added Tax (VAT); and Corporation Tax.

Venues and dates

This exam is held on most working days throughout the year at a wide range of city centre locations, including London, Glasgow, Cardiff, Edinburgh, Leeds, Bristol and Birmingham.

Exam components

The R03 exam, which recommends 50 hours of study time and is worth 10 exam credits, is an hour-long, online exam consisting of 50 multiple choice questions. The nominal pass mark is 65% and the candidate receives his result as soon as he completes the test; this is confirmed in writing within 7 days.

Standard Costs

The rates for the R03 exam can be found on the CII website, but a reduced rate is available for members of The Chartered Insurance Institute.


Exam preparation and revision material available from Brand Financial Training include mock exam papers, calculation workbooks, and study notes.  These are highly regarded by exam candidates as essential for study and revision. Click below for more information.

Information in this article is correct as at May 2011