Lowes Financial Academy - Level 4 & Level 6 Prospectus

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:

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 ;

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 ;

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 .

Level 6 www.LowesAcademy.co.uk | 19

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 .