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  • National Insurance Contributions for the Self-Employed

    National Insurance Contributions (NICs) are covered in many CII exams including CF1, R01, R03 and AF1.  Here, we look at the NIC liabilities, including a calculation, for a sole trader.

  • Ever heard of a Blind Trust?

    Blind trusts only appear to be mentioned in J10 –  the CII exam on Discretionary Investment Management. Here, we explain what a blind trust is and why a person might wish to have one set up.

  • Combined Life and Critical Illness Cover and the Use of Trusts

    With a combined life policy with CIC, you need to use a special type of trust to ensure that the critical illness benefit is paid to the person who needs it. Read on to learn more about split benefit trusts. This information is particularly useful for takers of the CII R05, R06, AF1 and AF5 exams. When critical illness is […]

  • 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 […]

  • Unravelling the Complexities of the Taxation of Life Assurance Policies – Part 1

    What if you could answer CII R03 exam questions on the taxation of life assurance policies accurately and confidently? Over the next two articles, we will simplify the topic for you. In this article, you will learn about what conditions a qualifying life policy needs to fulfil and the situations when tax is charged on these policies.

  • Taking a Look at Pensions and Divorce

    Looking at the case studies for this month’s R06 exam, it looked highly likely that a question on pensions and divorce was going to be asked. It also raised a few queries as to the options available to an ex-spouse.  Here we look at the options of pension sharing and earmarking. Earmarking Earmarking basically means that the ex-spouse has benefits […]

  • 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 […]

  • 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 […]

  • CII AF7 Pension Transfers

  • CII AF7 Pension Transfers Revision Notes

  • CII AF7 Pension Transfers Core Knowledge

  • Should You Attend Financial Services Training Courses?

      Whether you are taking the Certificate in Insurance, one of the CII or IFS Certificates, or Diploma level exams in Financial Planning, the key to your success is financial services training courses in the form of home study aids, such as mock exam papers and workbooks. These help you to plan an effective, flexible home study programme that you […]

  • Goodbye CII Certificate in Financial Planning, Hello CII Certificate in Financial Services

    The following contains important information if you or your employees have any plans to sit CII CF2, CF4 or CF5. The CII Certificate in Financial Planning qualification is being withdrawn by the CII in August 2015. This affects you if you plan to sit CF2, CF4 or CF5 (CF1 will remain as it forms a part of other qualifications). You […]

  • 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 […]

  • The Morality of Tax Planning and Avoidance

    This article discusses the role of the financial planner in treading the fine line between mitigating tax effectively and respecting a client’s view on the morality of taxation and the level of avoidance that he or she is comfortable with. Written by Mark Underdown The outrage in the UK over the recent Panama papers revelations and, in particular, David Cameron’s […]