A Look at Recent Past Papers for the CII AF1 Exam
In this article, we are taking a look at the questions asked in four past exam papers of the CII’s Advanced Diploma in Financial Planning AF1 exam; this is the unit that tests personal tax and trust planning.
This article is correct as at 16 December 2022.
The table below shows the questions asked in the exams sat in September 2022, September 2021, April 2021 and February 2021.
| IHT calculation including PETs and CLTs | Calculation of income tax on an investment bond | Transferable NRBs and IHT and the duties of an executor | IHT calculation and who pays |
| Taxation of investment bonds | Reporting of chargeable gains/the process | Protection policies that could be put in place to mitigate IHT | Distribution of estate if a Will is amended |
| Trustee registration service | Income tax calculation including a lump sum from a DC pension scheme | Discounted gift trusts and Loan Trusts | Business relief on an estate |
| Exit charge on a discretionary trust | Powers of attorney and enduring powers of attorney | Tax treatment of income withdrawals from a drawdown plan | Categorisation of a trust established and how it would be taxed |
| Stamp duty Land tax on second property | Lifetime ISAs | Laws of intestacy and impact of marriage on a new Will | Conditions for the residence NRB |
| Furnished holiday lets | Implications of placing a bond into a discretionary trust | CGT calculation | Chargeable gains on investment bonds |
| Income tax calculation | Residency rules over two tax years | Payment of CGT on the sale of a holiday cottage and other assets | Business asset disposal relief and CGT including a calculation |
| National Insurance contributions | IHT calculation for an unmarried couple | Losses and CGT | Penalties that HMRC impose if CGT not paid on time |
| Impact of divorce on Wills | Claim for reasonable financial provision | Excluded property trusts | Gains on sale of house |
| Child Trust Funds | Accumulation & maintenance trusts created in 2004 | Domicile status on retiring overseas | Income tax calculation and the factors to consider when deciding to opt back into Child Benefit |
| Capital Gains Tax calculation | Exit charge calculation | Income tax calculation and theory | Taxation of an investment bond and the effects of gift aid and pension contributions |
| Residency and CGT | Pre-owned asset tax | Qualifying policies | Tax treatment of interest and dividends from equity and non-equity unit trusts |
| Overseas residence impact on an ISA | CGT and implications of transferring to ex-spouse | Tax relief on VCTs and EISs | Benefits of a lasting power of attorney |
| Powers of attorney | Capital losses and CGT | State Pension | Non-residence rules |
| Gifting shares to charity | Marriage Allowance |
Here we take a look at the questions asked in four past exam papers for #CII #AF1. Share on X
As you can see, each exam covers calculations of the main taxes but each will have different assets and different scenarios to test various aspects of those taxes. Powers of attorney appear in most exams as well as aspects of the residence and domicile rules.
The R03 and J02 manuals provide the relevant content for this exam and we cannot also emphasise enough, the importance of familiarising yourselves with the past exam guides, which provide vital guidance in terms of recurring themes.
Grab the resources you need!
If you’re studying for your CII AF1 exam, and you’re wanting to feel confident on exam day, grab our free taster to try out one of Brand Financial Training’s resources for yourself. Click the link to download the AF1 Mock Paper Taster now!
