Final Lowes Academy Brochure November 2022

AF1: The Syllabus and Learning Outcomes

At the end of this unit, candidates will be able to evaluate the complex needs of clients and recommend appropriate solutions based upon detailed understanding and analysis of the following 9 learning outcomes:

AF1 Course: Personal tax and trust planning

L e a r n i n g O u t c o m e s

1 . S t r u c t u r e o f t h e t a x s y s t e m a n d s e l f - a s s e s s m e n t

2 . M a i n t a x e s o n i n c o m e a n d c a p i - t a l t h a t m a y b e c h a r g e d d u r i n g l i f e

3 . Ta x t r e a t m e n t o f d i f f e r e n t k i n d s o f i n v e s t m e n t s

4 . I m p a c t o f r e s i d e n c e a n d d o m i - c i l e o n a n i n d i v i d u a l ’ s l i a b i l i t y t o U K t a x ;

Tutor-led courses available for AF1

5 . L e g a l p r i n c i p l e s a s s o c i a t e d w i t h t h e c r e a t i o n a n d m a n a g e m e n t o f a t r u s t ; 6 . M a i n t y p e s a n d u s e s o f t r u s t s a n d t h e d u t i e s , p o w e r s a n d r e s p o n s i b i l i t i e s o f a l l p a r t i e s t o a t r u s t 7 . I m p l i c a t i o n s o f s u b s t i t u t e d d e c i s i o n m a k i n g , t o i n c l u d e t y p e s o f P o w e r o f A t t o r n e y a n d o t h e r s u p p o r t w h i l s t l i v i n g , t h e u s e o f W i l l s , t h e a d m i n i s t r a t i o n o f a n e s t a t e a n d t h e c o n s e q u e n c e s o f d y i n g i n t e s t a t e ; o f P o w e r o f A t t o r n e y a n d o t h e r s u p p o r t w h i l s t l i v i n g , t h e u s e o f W i l l s , t h e a d m i n i s t r a t i o n o f a n e s t a t e a n d t h e c o n s e q u e n c e s o f d y i n g i n t e s t a t e ;

AF1: ‘Personal Tax and Trust Planning’ (30 Credits) The objective of Personal Tax and Trust Planning (AF1) is to develop in depth financial planning skills related to personal tax and trusts. The CII’s AF1 exam, ‘Personal Tax and Trust Planning’, forms part of the Advanced Diploma in Financial Planning. It is a level 6 exam and upon completion will give you 30 credits at advanced level. AF1 builds on existing knowledge and assumes learners have the knowledge gained from a study of units R03 Personal Taxation, J02 Trusts, elements of R05 or equivalent. The exam is made up of 3 compulsory case study questions that candidates have 3 hours to complete. You, therefore, need excellent technical knowledge, strong analytical skills, the ability to write clearly and concisely, and you must be able to perform within a tight timescale. As the application of knowledge is so crucial, it is considered that the case study approach to learning is highly appropriate in preparing for the Advanced Diploma. The nominal pass mark is 55%. AF1: The Exam

8 . R u l e s o f b a n k r u p t c y a n d t h e r o l e o f t h e t r u s t e e i n b a n k r u p t c y ;

9 . Ta x a t i o n c o n s i d e r a t i o n s r e l e v a n t t o t r u s t s .

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To find out more about the CII’s AF1 Course, including the latest course availablity, curent tuition pricing or to register your interest, please visit ourwebsite LowesAcademy.co.uk . Alternativelycontact LowesFinancial Academy on 0191 287 8717 or email at Academy@Lowes.co.uk .

“Figures show that AF1 has a pass rate of just 44%. This is where Lowes Financial Academy can help.”

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